First acquisition of FLE in Poland – 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 Luxembourg and owning a commercial real estate portfolio in Europe and the US exceeding € 2 bn.
‘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.’ – elaborates 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!’ – comments Krzysztof Cipiur, Associate Director, Capital Markets, Knight Frank.
Wratislavia Center is a complex located in the center of Wroclaw, in the Old Town district. The GLA of the property amounts to ca. 16,950 sq m. It comprises a 5-star hotel, offices, ground retail units and a large underground parking facility.
About FLE GmbH
FLE GmbH with its seat in Vienna was founded in 2007 and is part of the French LFPI group. LFPI is an independent international multi asset manager with more than three billion Euro of assets under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of approx. 200 real properties with an estimated net value of more than two billion Euro.
FLE GmbH is investment advisor of several real estate funds. These funds target office and retail assets as well as low budget hotels with a purchase price from two to fifty million Euro per asset in Germany, Austria, and CEE.
Eva Maria Kamedler
Freyung 4/12, 1010 Wien, Österreich
Tel.: +43 1 53202110