New owners of Warsaw Financial Center

Picture shows Warsaw Financial Center
Picture shows Warsaw Financial Center
Warsaw Financial Center is going to have new owners. The building will be taken over by Allianz consortium and Curzon Capital Partners III.

Ca Immo and Pramerica Real Estate Investors signed a preliminary agreement of Warsaw Financial Center office building's sale. The building was sold for around 210 M EUR. The structure's new oners are Allianz consortium ( covering 87.5 % of shares) and a fund managed by Tristan Capital Partners- Curzon Capital Partners III. The building's current owners had been supported by consulting companies Lang LaSalle and Colliers International during the transaction.

As Tomasz Trzósło, Jones Lang LaSalle, says: We advised WFC's american owners during it's sale in 2005. Now, we gladly engaged in another sale of this skyscraper, one of the highest-class office buildings in Warsaw. Investors' interest in the sale was large, with Allianz Real Estate consortium and Tristan Capital Partners offering the best purchase conditions, both in regard to price as well as transaction's efficient closure. The preliminary agreement signed yesterday confirms the choice of this consortium for WFC's purchase had been correct.

Warsaw Financial Center is a 32-storey building with a total rent space of 50 000 m2. The building is situated at the junction of Emilii Prater and Świętokrzyska St. The structure, which exists since  1998, was one of the highest A-class office buildings in Central-Eastern Europe at the time of it's inception.

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