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Atal gives work to Knight Frank
Office stars shine


CPI starts shopping spree

Alex Hayes 18 October 2019

Alex Hayes


+48 22 356 25 20

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

CPI starts shopping spree
The Warsaw Financial Center is one of eight buildings in Warsaw tha CPI intends to buy
POLAND CPI has applied to the Polish competition authorities for permission to buy two Warsaw buildings: the Warsaw Financial Centre and the Eurocentrum Office Complex. Eurocentrum comprises a total of 84,600 sqm of leasable space and is owned by Capital Park Group.

The building is LEED certified with a rating of ‘Platinum’. The Warsaw Financial Center, which was completed in 1998, was the first class ‘A’ office tower developed in Central and Eastern Europe. It has a height of 144m and includes a total of 50,000 sqm of leasable space. The property has been jointly owned by Allianz Real Estate and Curzon Capital Partners III, an investment fund managed by Tristan Capital Partners.

Earlier this month CPI announced that it “expects to acquire more than EUR 800 mln of high-quality offices in Warsaw, Poland during Q4 2019 and early Q1 2020. Our team in Warsaw has identified eight properties totalling more than 235,000 sqm and has signed letters of intent (with exclusivity) on assets valued at more than EUR 700 mln. Properties under consideration can generally be characterised as “core plus,” in central Warsaw locations. Transaction sizes are expected to range between EUR 30 mln and EUR 200 + mln, with the majority expected to close before the end of 2019.” The company also announced that it would be buying the Green Corner A and Equator IV buildings in Warsaw. Equator IV, which was developed and is owned by Karimpol, comprises 20,000 sqm of office space, as well as 700 sqm of retail and services on the ground floor. Green Corner (building A) with around 13,500 sqm gla was developed by Skanska and is owned by RREEF.

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