Immobel sells Poznań’s Okrąglak

The EUR 17 mln transaction was finalized on January 13th, 2016. Immobel acquired the app. 8,000 sqm gla project comprised of two office buildings, Okrąglak and Kwadraciak, in 2011 and carried out its modernization. The now BREEAM-certified modernist Okrąglak was completed in 1954 and first served as a department store. The project’s architectural concept is the work of Marek Leykam.

“The transaction will have a limited positive impact on the half year results however will improve the company’s cash and investment capacity,” Immobel wrote in a statement. The seller was advised by the BSWW Legal & Tax.