Adgar Poland has acquired the Renaissance Tower office building in Warsaw's Wola district from Octava Property Trust. The price has not been disclosed.
Renaissance Tower, a 15-storey office building located at ul. Skierniewicka 10A, comprises 18,000 sqm. It was completed in 2001 and underwent extensive renovation sin 2013. The property will soon change its name to Adgar Renaissance Tower and is to become the latest location for Adgar Poland to open one of its own Brain Embassy coworking centres.
"Adgar Poland has until now only owned office space in Warsaw outside Wola – in the city centre as well as in Mokotów and Ochota", commented Michael Mevorach, the country manager of Adgar Poland.
The new owner plans to refurbish the building and bring it up to the standards offered to tenants in the other eleven capital properties.
