First acquisition of FLE in Poland, acquires the Wratislavia Center
Wratislavia Center, a mixed-use property in Wroclaw has been sold. In the process Knight Frank acted on behalf of the seller, a private investor. Dentons provided legal advice. The property was bought by FLE, an investment advisor headquartered in Vienna, advised by the legal counsellors White & Case.
FLE bought the asset on behalf of FLE SICAV FIS, a real estate fund headquartered in Luxemburg and owning a commercial real estate portfolio in Europe and the US exceeding €2 billion.
“The asset perfectly matches the investment criteria of the fund as a long-term investor. It has an outstanding location in the absolute heart of an important Polish city with very strong anchor tenants,” elaborated Dr. Alexander Klafsky, managing partner of FLE.
“We are proud to have had the occasion to act on behalf of our client during the sale of Wratislavia Center in Wroclaw. It offers great quality space and has undoubtedly the best location in Wrocław, in the very heart of the Old Town. Big congratulations to both the Seller and FLE,” commented Krzysztof Cipiur, Associate Director, Capital Markets, Knight Frank.
Wratislavia Center is a complex located in the centre of Wroclaw, in the Old Town district. The GLA of the property amounts to ca. 16,950 sqm. It comprises a 5-star hotel, offices, ground retail units and a large underground parking facility.