Real estate fund management firm Europa Capital has acquired the Twarda Tower office skyscraper in downtown Warsaw from BPT Asset Management. Twarda Tower is located in Warsaw’s central business district and is occupied by Poland's primary telecom company, Telekomunikacja Polska.

The skyscraper is expected to undergo extensive refurbishment next year, according to local media.

“We are delighted to have completed this transaction because opportunities to acquire prime assets in central Warsaw such as the Twarda Tower are rare,” Michael Abel, a senior associate at Europa Capital, said in a statement.