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Union Investment to Buy Tower in Warsaw
Union Investment Real Estate GmbH has agreed to buy a class A office building in Warsaw for €76 million from Austria-based S+B Gruppe AG. The 17-storey Zebra Tower comprises 18,280 square metres of office and retail space; it was completed in the fourth quarter of 2010 and is 75 percent let. Tenants include AIP, Bankier.pl, Boston Consulting, Cityboard Media, PKO Bank, Samsung, Svenska Handelsbanken and TFI Investors.