CPI Property Group announced the acquisition of a 50.3% stake in the Chałubinskiego 8 office building in central Warsaw. The stake has been acquired from First Property Group for €44 million.
Chałubinskiego 8 comprises 46,000 square metres of GLA across 47 floors.
“The Group believes Chałubinskiego 8 is a superb long-term acquisition, with steady rental income and the potential for adjacent developments,” said Tomas Salajka, head of acquisitions and asset management for CPIPG. “With a relatively small initial investment, we can enhance our market-leading portfolio in Warsaw while creating opportunities for the future.”
