CPI Property Group has announced the purchase of the Atrium Centrum and Atrium Plaza office buildings in Warsaw, Poland from Peakside Capital.
Financial details were not disclosed.
Located in the city centre, Atrium Centrum and Atrium Plaza are seven-storey office schemes providing a total of 31,900 m2 of gross lettable area and including also a medical centre, a restaurant, a bank, a pharmacy, a number of stores and 410 parking lots.
'On behalf of our client, Peakside has successfully managed a value-add programme improving both Atrium Centrum as well as Atrium Plaza by refurbishment of the assets, leasing up vacant space and improving the retail offer. The successful sale further exemplifies Peakside Capital’s ability to generate attractive returns to our investors in CEE,' commented Stefan Aumann, managing partner and founder of Peakside Capital Advisors.
'CPI continues to see good opportunities in both office and retail in Poland,' added Tomas Salajka, director of acquisitions, asset management and sales of CPI Property. 'This acquisition was a natural fit for our strong and growing office platform in Poland.'