Tristan Fund and Allianz JV sells iconic Warsaw Financial Center
A joint venture between Curzon Capital Partners III, a core-plus real estate fund advised by Tristan Capital Partners, and Allianz Real Estate, acting on behalf of several Allianz group companies, has sold one of Warsaw’s most prestigious skyscrapers, Warsaw Financial Center (WFC) to CPI PG, a Warsaw- and Luxembourg-listed investor, developer and asset manager. Financial details were not disclosed.
“When we first acquired WFC, we undertook major refurbishments to the entrance and ground-floor lobby areas and have worked steadily to increase occupancy to 99 percent, with tenants including leading Polish and international corporations, such as Google, CMS Cameron McKenna, Bloomberg, the World Bank and Kompania Piwowarska, part of the Asahi group of Japan. WFC is now a highly sought-after institutional-quality asset, which offers modern design and excellent environmental credentials in Warsaw’s CBD,” said Matt Lunt, executive director, Portfolio and Asset Management at T