KGAL Group buys Offices at the Villa for nearly €90 million

The Office Building at the Villa has been sold for nearly €90 million. KGAL Group has become the new owner.

Part of Browary Warszawskie, the Office at the Villa building offers more than 15,000 sqm of leasable space. Its name refers to Schiele's Villa, located in the neighborhood. The unusual atmosphere of the place is built by interior design referring to the history of former breweries. The office building offers underground parking spaces and infrastructure for cyclists.

Echo Investment, the previous owner of the building, sold the office building for about 86.7 million euros. The buyer of the Offices at the Villa building, KGAL Group, is a company focused on long-term equity investments. Operating throughout Europe, the group is a leading independent investment and asset manager with €11.2 billion under management and €4 billion in administration.

Warsaw Breweries, of which the high-rise Offices at the Villa is a part, is a mixed-use complex that includes office buildings, residential buildings, service space, stores, restaurants and public city squares. It is located on a 4.5-acre plot located between Grzybowska, Wronia, Chłodna and Krochmalna streets.