Consortium Allianz Real Estate and Curzon Capital Partners II, a core-plus profile fund have concluded the purchase of Warsaw Financial Center for 210 million Euro. The buyers were being represented by CBRE company. Curzon fund was being consulted by Tristan Capital Partners. 87.5% of the shares are going to belong to Allianz Real Estate. The previous owner was CA Immo company and Pramerica Real Estate Investors, an international investment manager.
Warsaw Financial Center is a 144 meter office building, offering 50 000 sqm. of are to its leaseholders. The lobby houses retail-commercial premises, while the remaining 25 floors have offices. It was completed in year 1998. The architectural design has been handled by A.Epstein and Sons as well as Kohn Pedersen Fox Associates in cooperation with local studios. The building is situated in center of Warsaw, on Emilii Prater St. In its close neighbourhood are Pałac Kultury and Złote Tarasy shopping center. Warsaw Financial Center's leaseholders are companies such as CMS Cameron McKenna, Kompania Piwowarska, Regus Business Center, Weil, Gotshal & Manges, Wyborowa, Enterprise Investors. The building is rented out in 98%.
- It is undoubtedly the most significant transaction of year 2012 - admitted Przemysław Felicki, Capital Markets Department Director at CBRE. - Warsaw remains a magnet for international investors, and WFC's purchase will improve the capital's attractiveness as a perfect place for locating capital in commercial properties. The limited number of investment products of highest quality means, that their competitiveness increases.