FLE purchases K1
Vienna/Cracow, March 8, 2019. K1, the tallest office building in Cracow, has been sold. The property was acquired from a global investment manager by FLE, an investment advisor headquartered in Vienna.
FLE purchased 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 with a value exceeding €2.2 bn.
FLE was advised by a team from White & Case, TPA and Avison Young.
K1 is an office complex located in the center of Cracow. The gross leasable area (GLA) of the property amounts to ca. 12,600 sqm. It comprises 20 floors of offices with retail space on the ground floor.
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 almost four billion Euro of equity 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 five to fifty million Euro per asset in Germany, Austria, and CEE.
Freyung 4/12, 1010 Wien, Österreich
Tel.: +43 1 53202110