IVG Institutional Funds has purchased the Victoria Building in Warsaw for EUR 29 mln from a European real estate investment fund of Deka Immobilien Investment. IVG said that the transaction is evidence of Poland's, and particularly Warsaw's, 'thriving' economy. As one of the world's few countries to remain buoyant following the 2008/2009 recession, Poland is anticipating average annual growth of 4%.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
