Another German investor is entering the Polish property market. The Livos Group of companies is starting its expansion in Poland with Warsaw. The investor has purchased 63 residential units in the Złota 44 high-rise building in the very centre of the Polish capital. The seller was Catella Residential Investment Management, which has thus withdrawn from this country, Investmap.pl reports.
The Warsaw portfolio acquired by Livos comprises eight floors and approximately 7,100 sqm of residential space. The value of the transaction was not disclosed. Livos announces further activities in the Polish property market. By selling all the units in Złota 44, Catella has withdrawn from the Polish market as a property owner, but still holds shares in the Polish asset management services company.
Catella originally owned 72 units at Złota 44, which it acquired in the summer of 2017. In November 2022, the German company finalised the sale of its properties in Kraków and Warsaw, around the time negotiations for the portfolio at Złota 44 began.
Złota 44 is an almost 192-metre-high building designed by Daniel Libeskind, with a total of 52 floors and 287 residential units. The tower also houses a relaxation zone of approximately 1,400 square metres with a club, cinema, spa, sauna and swimming pool. The skyscraper, centrally located in Warsaw opposite the Palace of Culture and Science, was completed in 2016.
