''Estates News'', Estates News
Von der Heyden Group (VDHG) has announced that it has formed a new partnership to own and operate 18 month old Liberty Corner building in Warsaw's CBD. Although terms were not disclosed, Von der Heyden officials said that as part of the new partnership, Luxemburg-based Accession Fund SICAV will own a 50 percent interest in the project. The two partners will also co-own a plot of land attached to Liberty Corner, where Accession Fund will have an option to participate in development of Liberty Corner's phase II together with Von der Heyden Group. Liberty Corner is an office building with a total gross area of 12,400 sqm, of which some 4,500 sqm were developed for the Polish Press Agency (PAP). It was erected with eight storeys above ground and two underground for cars. The ground floor is for retail use, whereas the rest of the building contains office space.
