NYSE-listed WP Carey has bought the headquarters of Bank Pekao in Warsaw from Vienna-listed CA Immo.
NYSE-listed WP Carey has bought the headquarters of Bank Pekao in Warsaw from Vienna-listed CA Immo.
The all-equity deal will see Bank Pekao, Poland’s second-largest bank, remain as tenant. The asset was built in 2009, and houses 2,000 employees.
‘This transaction fits well with our strategy of acquiring critical assets with strong covenants in thriving, well-connected locations,’ said WP Carey managing director Jeffrey Lefleur. It also ‘demonstrated our ability to provide a well-known institutional investor like CA Immo with a reliable, all-equity buyer and a fast and efficient closing process’, he noted.
Colliers International represented CA Immo.
