Zeus Capital Management, which targets commercial properties in CEE and south-eastern Europe, has entered the Polish market with the acquisition of the Graffit building in Warsaw from real estate investment manager Hines.
Located at 28 Domaniewska St, the seven-storey office building comprises 18,500 sq.m. of leasable space including 1,900 sq.m. for retail and services, according to a joint press release from Hines and Zeus Capital Management. The property, which was owned by the Hines Russia & Poland Fund, was sold to Tan Poland – a firm owned by Zeus Capital Management. The acquisition, for which the price was not disclosed, was financed by German lender Berlin Hyp.