February 12, 2018

Knight Frank advises Raiffeisen Immobilien KAG in the acquisition of WCC in Warsaw

Knight Frank advises Raiffeisen Immobilien KAG in the acquisition of WCC in Warsaw

Warsaw Corporate Center (WCC) has changed its owner. The property was bought by Raiffeisen Immobilien KAG. Knight Frank acted on behalf of the buyer during the transaction. Bird & Bird advised Raiffeisen Immobilien KAG in legal and TPA Poland on tax matters regarding the acquisition process.

Warsaw Corporate Center is a 10-storey high office property with a total area of ca. 8,700 sqm. It is located in the very centre of Warsaw, right next to the Central Railway Station. The property was previously owned by Cromwell Property Group, which was advised by Dentons during the sale process.

“WCC perfectly complements the portfolio of our real estate fund for institutional clients, focusing on office and retail buildings. We are pleased about another successful acquisition in the Warsaw city centre,” said Matthias Marhold, Managing Director of Raiffeisen Immobilien KAG.

“We are pleased to have had the opportunity to advise Raiffeisen Immobilien KAG during the acquisition of the WCC in Warsaw. It is a friendly office property with an unbeatable location. The acquisition was a great step to diversify the real estate portfolio with an attractive downtown office building,” commented Krzysztof Cipiur, Associate Director, Capital Markets, Knight Frank.

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