WP Carey's CPA:17 – Global fund has announced the acquisition of the new corporate headquarters in Warsaw of Polkomtel, one of Poland's leading mobile telecommunications operators.
WP Carey's CPA:17 – Global fund has announced the acquisition of the new corporate headquarters in Warsaw of Polkomtel, one of Poland's leading mobile telecommunications operators.
Financial details were kept confidential.
The newly constructed building provides 22,700 m2 of office space in the Mokotów office district of the Polish capital. It is let with an initial term of 10 years.
'This net lease transaction offered the opportunity to acquire a brand new, high-quality headquarters office building in Poland's capital city leased to a major local corporation,' said Christopher Mertlitz, vice president at WP Carey. 'The creditworthiness of the guarantor and the attractiveness of the asset, along with the long lease term, make this acquisition a strong addition to the CPA:17 – Global portfolio.'
Linklaters advised WP Carey on the deal. BNP Paribas Real Estate brokered the transaction.