POLAND Generali buys Le Palais in Warsaw
Investment & financeschedule 17 June 2021
Le Palais was originally built in 1882 and was extensively refurbished in 2013
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Generali Real Estate has acquired the Le Palais office building in Warsaw city centre for its GEIH fund from Patrizia for an undisclosed sum.
The 6,500 sqm is situated on ul. Próżna in Warsaw’s CBD. It is BREEAM ‘Excellent’ certified. Generali Real Estate was advised by JLL, Linklaters, TPA and BNP Paribas.
The sale of Le Palais crystallises strong returns for our investors in line with our strategy for this asset, while the additional value created by our asset management team through the comprehensive successful lettings programme, is testament to our expertise and skill in light of the impact of Covid-19. We
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