We expanded into Poland, the CEE region’s largest market, in 2017. This came about through the acquisition of a controlling stake in a Warsaw-listed office investment company (“GPRE”), which has now been fully incorporated into the group.
Since our initial investment in GPRE, our presence in Poland has increased substantially and accounts for over 50% of our portfolio by value.
In Poland, our portfolio comprises of Class A offices and three mixed-use investments. In total we own 37 standing buildings (and two under refurbishment), offering over 542.1k sqm of high-quality office and commercial space, in Warsaw and five major regional Polish cities, notably Krakow, Wroclaw, Katowice, Lódz and Gdansk.