Madison acquires controlling stake in Capital Park Group, Warsaw

Madison International Realty has signed a preliminary agreement for the acquisition of a controlling, 65.99 percent stake in Capital Park SA from Patron Capital Partners.

Madison is undertaking this acquisition on behalf of the Madison International Real Estate Liquidity Fund VI.

“Capital Park marks our second acquisition in Poland, where we see great potential. Poland has a strong economy, offering solid market fundamentals and a robust premium compared to other core European markets,” said Derek Jacobson, Madison International Realty co-chief investment officer.

This transaction provides Madison, which last year entered the Warsaw market with the acquisition of a 50 percent interest in the iconic Waraw Spire office tower, with a significant and strong local platform from which to expand its Polish investment.  It also gives Madison exposure to Capital Park’s existing diversified portfolio of high-quality assets in Poland comprising 304,000 square mete