IVG Acquires Le Palais Office Building in Warsaw
October 28, 2013
IVG Institutional Funds GmbH, acting on behalf of IVG Warsaw Fund, Oct. 18 finalized the purchase of the Le Palais office building in Warsaw from a subsidiary of Warimpex Finanz - und Beteiligungs Aktiengesellschaft for about 31 million euros.
The Le Palais office building is on the corner of Próżna Street and Grzybowski Square in Warsaw city center. The property provides 6,665 sq m of prime grade-A office accommodation with ground-floor retail space, and has attracted tenants such as Ipopema, Stewart Title, Schoenherr and the Austrian Cultural Forum. The IVG and Warimpex companies also occupy space in the building.