Avison Young on the buy-side in the acquisition of Renaissance Plaza
Adventum International acquired office property Renaissance Plaza from REInvest Asset Management. The building was developed in 1998 and underwent quite significant refurbishment in 2016. Renaissance Plaza is situated in Warsaw district Wola and offers ca. 9,700 square metres of GLA. This 7-storey, class B+ building is fully let to Orange Polska.
This is the second investment in the CEE region under Adventum QUARTUM real estate fund within four months. Under this particular fund Adventum intends to utilise a further EUR 150 million in the forthcoming months for office and retail properties with special focus on Poland.
Avison Young Technical Advisory Team provided Adventum with Technical Due Diligence report before purchase of the property.
29 Oct 2019 r.