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 m[sup]2[/sup] of lettable area.
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 m2 of lettable area.
WFC was sold by CA Immo and international investment manager Pramerica Real Estate Investors. The deal was first signalled during the summer.
Cameron Spry, head of investment at Tristan, said: 'WFC is one of the highest quality office assets in Poland, which is the only major economy to have continued to expand throughout the economic crisis, and a market with strong fundamentals that demonstrates consistent investor demand and increasing liquidity. We're confident that in combination with a partner such as Allianz, this asset will produce solid returns for our investors.'
