Yareal sells Cristal Park to Azora Europa at “mid sevens”

The sale of Yareal’s office project, 10,300 sqm Cristal Park at Aleje Jerozolimskie in Warsaw, to Spanish investors Azora Europa, has been in the works for months. Last Friday, however, CIJ learned from two independent sources that the deal went through. Yareal and Azora agreed for a price of circa €30m, representing a yield of “mid sevens”, according to our sources. When contacted for a comment, Yareal told CIJ that it would speak about the sale officially only in the New Year.

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