Allianz Real Estate Germany, represented by Savills, has purchased Warsaw’s Platinium Business Park, in Poland from Globe Trade Centre for a total of €173 million.

The complex comprises five completed office buildings totaling 56,000 sq m, which are located at the junction of Domaniewska Street and Wołoska Street in Warsaw’s Mokotów district. The scheme is almost 100% let to tenants including Publicis Group, Peugeot, Panasonic, Aviva and Levi Strauss.

Michał Ćwikliński, head of investment at Savills Poland, says: “This is a key transaction in the Warsaw investment market and is evidence that international investors are seeking well-let, quality assets in prime locations.  After a relatively protracted completion process, this deal also shows that transactions are taking longer than before with more detailed and exacting due diligence, which shows a maturity and stability that we have not seen before.”