|The WTT building offers over 45,000 sqm of office space|
Courtesy of Colliers International
The Akron Investment Central Eastern Europe II closed-end investment fund has announced plans to sell the Warsaw Trade Tower office building in the Polish capital that it acquired in 2006. Colliers International and Jones Lang LaSalle will handle the sale process.
Designed by the American RTKL Associates architectural studio and completed in 2000, the WTT features 43 floors and stands at over 208 meters tall, making it the tallest office building in Central Europe.
The skyscraper is located in Warsaw’s Wola district and is expected to benefit from the planned completion of the central stretch of the capital’s second subway line in 2014. It comprises more than 45,000 sqm of class-A space and its tenants include KPMG, American Express, Mattel and AXA.
“Given the prominence and excellent quality of the Warsaw Trade Tower, we anticipate good interest in the sale process,” Tomasz Trzósło, head of capital markets, CEE, at Jones Lang LaSalle, said in a statement.
“The compelling combination of Poland’s ongoing economic growth and Warsaw’s low city center office vacancy rate supports the WTT offering,” stated Neil Gregory-Eaves, head of the investment services team, Warsaw, at Colliers International.
“The property is one of the few core office assets currently for sale in the city center,” he added. Mr Gregory-Eaves and Jones Lang LaSalle’s Trzósło were also involved in the recent sale of the Warsaw Financial Center office skyscraper in Warsaw.
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