Acting in its capacity as advisor for a German depositary bank, who is currently administrating the German Special-AIF UBS (D) Sector 3 Real Estate Europe, UBS Real Estate GmbH has sold the Nova Praga office building in Warsaw to Mazovia Capital. Cushman & Wakefield and Magnusson Law represented the vendor in the transaction. The building will now be known as Mazovia Plaza.
Charles Hartline, Partner at Mazovia Capital, commented, “The Praga district of Warsaw is primed for growth given its proximity to the city center, the opening of the new metro stations and Google’s campus, significant residential development, and other exciting infrastructure investments and improvements. Mazovia Plaza will be home for many companies proud to locate their businesses in this exciting district.”
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