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CBRE GI sells office portfolio in Warsaw

CBRE Global Investors, on behalf of the Property Fund Central Eastern Europe (PFCEE), has sold two offices in Warsaw. Trinity Office Park II, is a 26,127 sq m office located in the Mokotow district of Warsaw. It comprises nine floors and was built in 2007. Prosta Office Centre, is a 21,313 sq m office situated in the centre of Warsaw. It was built in 2006 and comprises 11 floors. CBRE Global Investors was advised by Clifford Chance and Cushman & Wakefield.Robert Snincak, Fund Manager, CBRE Global Investors, said: „We have completed the business plan for both of these assets and the timing is right for us to sell. Completion of this divestment was a key activity in the business plan for 2016/2017 as the fund reached its scheduled redemptio...[…]