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Europa Capital and White Star sell Plac Malachowskiego

Europa Capital and White Star Real Estate have completed the sale of Plac Malachowskiego in central Warsaw to Generali Real Estate, on behalf of the Generali Group’s GEIH fund.

Plac Malachowskiego is a recently redeveloped 14,500 sq. metre landmark office building close to Saski Gardens and Plac Pilsudski between Warsaw CBD and the old town. The Property is 92% leased with tenants including international law firm K & L Gates, global private equity firm CVC Capital Partners, the Polish law firm WBK, the co-working business space provider Rent24, the German bank Berlin Hyp, a number of boutique retailers and a restaurant. The building offers high quality space in one of the few historical buildings of scale in the CBD of Warsaw and the occupancy has risen from circa 30% at acquisition to over 90% in less than two years.

Europa Capital and White Star co-invested in the joint venture, while White Star provided asset and property management services for the Project.

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