ING Property Fund Central and Eastern Europe is buying out its 50% partner in Wars-Sawa-Junior, a prime high street retail and office property located in Warsaw, Poland for EUR 76 mln.

Following the deal, ING PFCEE also owns the remaining 50% interest in the senior loan provided to Prime Warsaw Properties by Eurohypo. ING PFCEE acquired its initial 50% stake from the Eastbridge Group’s real estate arm in 2007.

Wars-Sawa-Junior is strategically located in Warsaw’s city centre. The list of tenants includes brands like H&M, C&A, TK Maxx, Reserved, Marks & Spencer, Zara, Empik, Carrefour and Esprit. The property comprises som 29,000 m2 of retail space and some 7,000 m2 of office space.