Avison Young represented Develia in a disposal of Wola Retro

Develia S.A. sold Wola Retro to an entity from Adventum Group. Wola Retro is  a prime office building located in Warsaw. The sales price was €69.3 million.

The seller was co-represented by Avison Young and JLL, the buyer was advised by CBRE.

The property offers ca. 25,900 sq m. GLA. Wola Retro includes 3 harmoniously composed buildings – one built in the 1930s, to be adapted as an office-service facility, and 2 brand new office buildings towering over and merged with the historical surroundings. It is located within 5-minute walk from Rondo Daszyńskiego business area. The authors of the design according to which the Wola Retro complex was created are architects from the Kuryłowicz & Associates studio – Ewa Kuryłowicz and Piotr Żabicki. The tenants of the office building include the Budimex group, EOS Poland and Signal Iduna.

The sell-side was also advised by Dentons and GWW. The buyer – by BSWW.