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Mazovia Capital sells Polish office building to M7

Mazovia Capital has sold the Warsaw, Poland-based Masovia Plaza office building to M7. No financial terms were disclosed. Greenberg Traurig‘s Warsaw office represented Mazovia Capital on the transaction.

PRESS RELEASE

WARSAW, POLAND (PRWEB) APRIL 08, 2019

The Warsaw office of Greenberg Traurig represented Mazovia Capital in the sale of the Mazovia Plaza office building to M7, a pan-European investor and asset manager.
The Greenberg Traurig team was led by Local Partner Justyna Szwech, who was supported by Senior Associate Zuzanna Bafia and Associate Agnieszka Stopińska. Partner Agata Jurek-Zbrojska provided strategic supervision over the transaction, which was one of several projects she has managed for this client.

The prestigious Mazovia Plaza office building, located in the historical district of Nowa Praga in Warsaw, offers over 5,000 sq. m of lease area. It was erected in the 1950s as part of the socialist realism building complex of the Praga II housing project, designed by Jerzy Gieysztor. Originally, the building was intended as a workers’ hostel, and for many years it functioned as the “Nova Praga” city hotel. In 2000, it underwent a thorough modernization and became the headquarters of Strabag. In May 2016, it was acquired by the Mazovia Capital fund, an investment company specializing in the purchase and management of real estate and implementation of new projects as a developer.

Source : https://www.pehub.com/2019/04/mazovia-capital-sells-polish-office-building-to-m7/#

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