Deka buys North Gate in Warsaw for €103m

Germany’s Deka Immobilien has acquired the fully-let North Gate office building in Warsaw, Poland for €103m. The building was sold by two companies in the Austrian Volksbank Group, which developed North Gate  through its project development company Premiumred.

With construction completed in 2008, the 24-storey property in central Warsaw offers 30,000 sqm in total lettable floor space. Its primary anchor tenant is pharmaceutical company Sanofi Aventis.

The building will be included in the investment fund’s WestInvest InterSelect open-ended mutual property fund portfolio.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s