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LONDON-Zentral Europa Immobilien Fonds, managed by HypoVereinsbank, hasbought an office building in Warsaw’s Mokotów district. The office building is located at 13 Marynarska street in Mokotów, opposite the Galeria Mokotów shopping centre.

The office building is close to Poland’s largest office park, the Mokotów Business Park. It provides 76,400 sf of office space let to international tenants such as Renault, Fortis Bank, Altadis and Medicover.

ZEI Fund’s first foray into Warsaw marks a further step inits strategy of expansion in Central and Eastern Europe. It has already purchased five office buildings in Prague and two in Budapest believed to be worth a combined €200 million ($200 million)

ZEI Fund wasrepresented by Cushman & Wakefield Healey & Baker and DTZ Zadelhoff TieLeung represented the vendor.Loic de Villard, Partner and Head of Investment at Cushman & WakefieldHealey & Baker’s Warsaw office, said: “ZEI Fund’s entry into the Polishinvestment market is a landmark event. This transaction is welcome newsgiven that it marks an increase in confidence by foreign investors in theWarsaw market.”

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