Allianz invests in Warsaw Financial Center

Allianz has acquired an 87.5% stake in the Warsaw Financial Center. In this joint venture, the remaining 12.5% have been bought by Curzon Capital Partners III, an investment fund managed by Tristan Capital Partners. The office skyscraper has been sold by a property company in which Pramerica Real Estate Investors and CA Immo hold 50% each. The entire investment is approximately €210 million – and closing is expected in Q4 2012.

The Warsaw Financial Center is located in Warsaw's Central Business District, in the direct vicinity of the Palace of Culture and the Zlote Terasy shopping mall. It's one of the three outstanding office complexes in the Polish capital along with the Rondo and Metropolitan office tower blocks. Offices account for some 90% of the floor space of about 50,000 square meters in the Warsaw Financial Center, with 4% reserved for retail units and the remaining 6% used for storage and parking. The Warsaw Financial Center is 98% let – to a total of 73 foreign and regional tenants.

WFC, completed in 1998, was bought by CA Immo and Pramerica Real Estate Investors as a 50:50 co-investment in 2005. The building is currently almost fully let to tenants that include internationally renowned companies, mainly law firms, consultancy firms and banks. Colliers International and Jones Lang LaSalle have been the agents selected by CA Immo and Pramerica Real Estate Investors for joint marketing of the transaction; Salans is their legal advisor.

According to Dr. Bruno Ettenauer, Chief Executive Officer of CA Immo, "Our investment strategy calls for 7-10 % of the overall portfolio to be sold every year in order to take maximum advantage of positive market phases and generate profits. Capital released in this way is earmarked for debt reduction and the realisation of current development projects. We are looking forward to the successful sale of the Warsaw Financial Center, which has now been agreed. This transaction will have a significantly positive impact on the annual result for 2012.

Читать полностью или написать коммент.. Про установку спутниковых тарелок в Московской областиhttp://tarelka-tv.ru/