The 5,400-sqm scheme is now fully leased out Courtesy of IVG Poland

Real estate company IVG has acquired the Norway House office building located on ul. Lwowska in downtown Warsaw from a Pramerica-managed fund. The value of the transaction has not been revealed.

The nine-storey building offers approximately 5,400 sqm of class-A office space and is currently fully leased out. The main tenant, occupying more than half of the total space, is the international law firm Clifford Chance, with other tenants including Nordea Bank and Comanche Investments.

The purchase of Norway House is the seventh transaction in the Polish commercial property market concluded by IVG in the last two years. Earlier, the company bought Victoria, BTC, Ujazdowskie 10, N21 and Pałac Młodziejowskiego in Warsaw and sold the city’s Horizon Plaza building.

“We hope that the acquisition of Norway House will not be the last proof of our investment activity in the Warsaw commercial property market this year,” Maciej Zajdel, managing director of IVG in Poland, said in a statement.