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Two Office Buildings Sell in Warsaw

WARSAW-The Mlodziejowski Palace was purchased for $30 million, and the eight-story Mokotowska Square sold for an undisclosed amount.

By Robert Carr | Updated on January 03, 2012

WARSAW-Two separate funds have recently purchased two office buildings. IVG Immobilien AG, through its IVG Institutional Funds, bought the 75,000-square-foot Mlodziejowski Palace building for about $30 million, and DekaBank’s ImmoValue West fund bought the 110,000-square-foot Mokotowska Square building for an undisclosed amount.

A company managed by Mermaid Properties sold the Mlodziejowski building, with is in the Old Town district at Miodowa 10 St. The building’s main tenant is the Polish Ministry for Foreign Affairs, which has its offices of the Organization for Security and Cooperation in Europe and the Office for Democratic Institutions and Human Rights in the building. International consulting firm A.T. Kearney also leases in the building.

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