IVG sells Polish offices to Union for 102 mln euros

* Office buy is Poland's biggest prop. deal so far in 2010

* 32,700 square metre complex sold, 90 percent let

LONDON, April 22 (Reuters) - IVG Immobilien AG (IVGG.DE) has sold its Horizon Plaza office complex in Warsaw for about 102 million euros, marking Poland's largest real estate sale this year and a sign investor confidence in that market is returning.

The complex, which comprises one 11-storey and one 7-storey building and a total 32,700 square metres of office space, was bought by open-ended fund manager Union Investment on behalf of investors in its UniImmo Global property fund.

The property is 90 percent let, tenants including Nokia Siemens Network Sp., Getin Noble Bank and West LB Bank Polska.

Horizon Plaza is the UniImmo Global fund's second investment in Poland following the purchase of a shopping mall in Katowice for 95 million euros in October 2008.

A spokesman for IVG told Reuters the company was committed to expanding its presence in Poland, a market he described as "a very attractive investment location" and likely to profit from the staging of the European Football Championships in 2012.

Proceeds from the sale are likely to be used to reduce IVG's debt-to-asset value ratio of 68 percent, the spokesman said. (Reporting by Sinead Cruise; Editing by Andrew Macdonald) (See www.reutersrealestate.com for the global service for real estate professionals from Reuters)