ALLIANZ AND CURZON FUND COMPLETE ACQUISITION OF...
...WARSAW FINANCIAL CENTER
CBRE exclusively advised on this 210 million euros transaction
Warsaw, 15 November 2012
CBRE today announced that a consortium of Allianz Real Estate and core-plus fund Curzon Capital Partners III, advised by Tristan Capital Partners, has completed the acquisition of the Warsaw Financial Center (WFC) for EUR 210 mln.
The 144-metre tall office building comprises 50,000 sq m of lettable area. WFC was sold by CA Immo and international investment manager Pramerica Real Estate Investors.
CBRE has represented the purchaser in the acquisition of Warsaw Financial Center.
Warsaw Financial Center was completed in 1998 and since then is one of the highest quality office assets in Poland.
WFC is located in a very heart of the center of Warsaw at Emilii Plater street and is currently occupied by such prestigious tenants as CMS Cameron McKenna, Kompania Piwowarska, Regus Business Centre, Weil, Gotshal & Manges, Wyborowa, Enterprise Investors and other well-known international companies.
‘It is undoubtedly the highest profile office transactions of 2012’ – said Przemysław Felicki, Associate Director of CBRE Capital Markets. ‘Warsaw remains the focus for international capital and this acquisition reinforces the international appeal of Warsaw for real estate investors, recognizing the long term strength of capital of Poland office market. The current lack of stock continues to drive competition for good quality assets.’ – he added.