CA Immo sells Saski Point office building in central Warsaw

CA Immo has finalized the sale of the Saski Point office building in central Warsaw to an undisclosed buyer. While the transaction price remains confidential, the seller has revealed that it exceeded the property’s last reported book value. The 30-year-old multi-tenant building offers approximately 8,300 sqm of gross leasable area.

“The successful sale of Saski Point marks another milestone in the execution of our strategic capital rotation programme,” said Keegan Viscius, CEO of CA Immo. “Proceeds from this sale will be reinvested in our organic development pipeline, used to manage corporate liquidity, and potentially allocated to external investments if suitable opportunities arise.”

CA Immo acquired Saski Point in 2013 as part of a portfolio deal that included four other Warsaw office properties. The sale aligns with the company’s strategy to optimize its property portfolio by divesting assets that do not align with its core business focus in terms of asset class, location, building quality, age, or value-creation potential.

This transaction underscores CA Immo’s commitment to refining its portfolio to prioritize higher-value, sustainable assets while ensuring efficient capital reallocation.

CBRE and Greenberg Traurig, LLP served as advisors on the transaction.