International law firm Stephenson Harwood LLP has advised Tristan Capital, a London based real estate investment management company, on a joint venture between Allianz Real Estate, the global insurance company, and Curzon Capital Partners, a real estate fund advised by Tristan Capital, to acquire the Warsaw Financial Centre for €210 million. The property was acquired from a Special Purpose Vehicle jointly held by Pramerica Real Estate Investors and CA Immo.
The Warsaw Financial Centre offers 50,000 sqm of office, retail and storage space. The centre was designed to be self-contained and each floor contains capacity for 56 parking spaces. The building is currently let to clients such as Google, General Electric, Cameron McKenna and DLA Piper.
Daniel Harris, Tristan Capital Managing Director, Investments Europe and CEE added: "Warsaw Financial Centre is a prime asset, which will allow us to take advantage of the positive market dynamics and the strong tenant demand for high quality offices in Warsaw CBD."
Jonathon Wilkes, head of real estate and Stephenson Harwood said: "We are pleased to assist Tristan Capital Partners with another strategic purchase of a top grade A office building in Europe, adding to their portfolio of iconic buildings."
Jonathon was assisted by corporate partner Andrew Edge and associates Matthew Bowles and Becky Vernon.