A joint venture of AYA Properties Fund, a Belgium-based real estate investor focused on Central and Eastern Europe, and Curtis Group, a Polish family-owned company with a 40-year investment track record, has completed the acquisition of Chmielna 13A, also known as Diana, a fully let mixed-use building in central Warsaw. The property was acquired from CPI Property Group and marks AYA's third investment in Warsaw, following the acquisitions of Metron in 2024 and Sienna Center in 2026.
Completed in 2005, Chmielna 13A offers approximately 5,800 sqm of rentable area comprising 46 apartments, 1,400 sqm of office space, 500 sqm of retail and 24 underground parking spaces. The office space is occupied by the Goethe-Institut, the cultural institute of the Federal Republic of Germany, while the ground-floor retail units are let to Warsaw food and beverage brands Mąka i Woda and Supperlardo. The residential portion is let under a long-term lease to an international serviced apartments operator.
Situated on Chmielna Street next to Plac Pięciu Rogów, the property lies midway between Nowy Świat and Marszałkowska. Centrum metro station is within walking distance, Warszawa Śródmieście station provides a direct rail link to Chopin Airport, and Warszawa Centralna is reachable on foot in around 15 minutes. Following the acquisition, the joint venture is carrying out a light refurbishment of the apartments and common areas, reconfiguring the existing 46 units into 56 serviced apartments.
"Chmielna 13A combines everything we look for: a truly central location, a multi let building and long-term income from strong and diversified tenants. Together with Curtis Group, whose track record in Warsaw goes back to the city's very first modern office building, we see clear potential to reposition the residential part and create lasting value in one of Warsaw's most attractive neighbourhoods," said Mateusz Siejka, Chief Investment Officer at AYA Properties Fund.
"Warsaw has been close to our hearts since we developed Curtis Plaza in the early 1990s. Chmielna 13A is exactly the kind of boutique property with an excellent, timeless location where our experience in refurbishment, leasing and asset management can make a real difference," said Mikołaj Niemczycki, Vice President of Curtis Group, adding that the acquisition marks the beginning of the group's new investment strategy focusing on yielding commercial real estate assets with value-add potential.
"We are pleased to have concluded this transaction with AYA Properties Fund and Curtis Group. Thanks to the professional and constructive cooperation of both teams, the process ran successfully, and we are confident that Chmielna 13A is in excellent hands for the next chapter of its story," said Barbara Topolska, Country Manager of CPI Property Group Poland.
