FLE GmbH, representing the owner PIER 50 Liegenschaft-Verwaltungs GmbH, is pleased to announce the successful installation of a state-of-the-art photovoltaic system on the roof of the PIER 50 office building in Vienna. This initiative highlights the company’s commitment to sustainability and marks an important step towards the decarbonization of buildings.The new photovoltaic system has a capacity of 190 kWp (kilowatt peak) and will generate approximately 200,000 kilowatt-hours of clean electricity annually.As a result, a large portion of the energy needs of the Vienna office building will be met through in-house electricity production.The project was realized by the Vienna-based company SolMind FlexCo, which specializes in optimizing photovoltaic systems to increase efficiency and reduce maintenance costs.“We are proud to take another step towards a sustainable future,” says Dr. Bernadett Pauer, Head of Asset Management of FLE GmbH. “We are continually working to improve the energy efficiency of our 50 properties in Central Europe, contributing our part to ensure that we all collectively achieve the desired climate neutrality. SolMind impressed us with its concept of shared building energy supply and an all-inclusive package.”The tenants of the property with the address Brigittenauer Lände 50-54 include prominent organizations who will benefit directly from the PV electricity generated on the roof.About FLE / LFPI FLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management.FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For questions please contact: Ms. Enikö Szivek Assistant to the management+43 1 532 02 11 20eniko.szivek@fle.co.atFLE GmbHPalais Kinsky Freyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 532 02 11 024.09.2024
FLE has successfully restructured the energy procurement for its Polish real estate portfolio in collaboration with Westbridge Advisory International AG, the European arm of the leading ESG specialist Westbridge. The properties, which are commercially used and fully supplied with green electricity, are located in Wroclaw, Krakow, Szczecin, and Warsaw.The portfolio comprises seven properties with a total usable area of 85,000 m² and will be supplied by a new energy provider, selected through a tender process, starting in 2025. The total electricity consumption amounts to approximately 8.7 million kWh, with the new supplier being ESV S.A. from Tschechnitz. Thanks to Westbridge’s consulting services, FLE is able to reduce electricity costs for its tenants by around 530,000 euros annually.“For us, optimizing operating costs is a crucial factor in ensuring the long-term success of our investments. By managing costs efficiently, we not only maximize returns for our investors but also reduce environmental impact, thereby increasing the value of our properties,” explains Bernadett Pauer, Head of Asset Management at FLE.Westbridge has been supporting FLE since 2016, successfully implementing several projects, particularly in the areas of energy procurement, smart metering, and ESG consulting in Germany, Austria, Hungary, and Poland. This latest project once again highlights the successful partnership, providing FLE with both cost savings and sustainability benefits.Currently, FLE manages assets worth approximately 1.1 billion euros in DACH and CEE.About FLE / LFPI FLEGmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For questions please contact:Ms. Enikö SzivekAssistant to the management+43 1 532 02 11 20eniko.szivek@fle.co.atFLE GmbHPalais Kinsky Freyung 4/12, 1010 Wien, Österreich office@fle.co.atTel.: +43 1 53202110September 17, 2024
FLE is pleased to announce its first forest investment in Slovakia, covering an area of more than 600 hectares. It is an important milestone in FLE’s investment strategy that is focused on building a diversified portfolio within established European forestry markets. Through regional diversification, FLE aims to mitigate potential risks, such as the volatility of timber prices and the possible impacts of climate change.Any forest acquisitions by FLE adhere to stringent specifications, including, inter alia, criteria such as species diversity, stand stability, quality of forests, soil conditions and local weather conditions. By prioritizing these elements, FLE is committed to ensuring the sustainability and resilience of its forestry investment while contributing to environmental conservation and protection.Location and AccessibilityThe newly acquired forest is located in eastern Slovakia and is characterized by its almost entirely broadleaf composition, with primary tree species including beech, hornbeam, and oak. Situated on gentle rolling hills at the end of a valley, the forest is easily accessible for forestry operations. Its proximity to a national road and a railway loading terminal facilitates smooth and ecological transport.Forest Composition and Age Class DistributionThe forest boasts a diverse range of age classes, from newly natural-regenerated sites to mature crops ready for harvesting. This distribution is atypical for Slovak forests and presents a unique opportunity to adjust the timber yield from time to time by focusing on the felling of older crops.Management Approach and SustainabilityFLE’s management approach emphasizes maintaining biodiversity, productivity, regenerative capacity, and vitality, while fulfilling relevant ecological, economic, and social functions. This ensures the forest’s preservation for future generations. Foresighted and professional management is essential, as mistakes can have long-term impacts on forest stands and economics.ConclusionThis investment marks a significant step for FLE, highlighting our commitment to sustainable forestry and ecological management. This acquisition not only advances our investment strategy but also reinforces our dedication to environmental stewardship.About FLE / LFPIFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For questions please contact:Ms. Enikö SzivekAssistant to the management+43 1 532 02 11 20eniko.szivek@fle.co.atFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110September 9, 2024
FLE has successfully acquired the newly constructed headquarters of MAKRO Poland, being home not just to MAKROS’s registered offices, but as well to MAKRO’s new and state-of-the art Academy of Inspiration.Strategically located: The development of about 7,000 sqm of gross floor area was conducted by MAKRO itself and is strategically located directly next to MAKRO’s flagship store in Warsaw’s Jerozolimskie street.Sustainability and Long-Term Partnership: The new MAKRO headquarters were erected on a plot of land bought by FLE in 2019. The acquisition was part of a portfolio of eleven METRO / MAKRO stores across Central Europe. The properties in this portfolio were chosen for their sustainable cash flow that was secured for a very long term and their significant land reserves, which are now being partially utilized for one of these eleven properties.The office building adheres to the latest technical standards and aligns with FLE’s sustainability goals, ensuring it meets modern environmental and efficiency criteria. The project is underpinned by a long-term lease agreement, reinforcing the robust and enduring partnership between METRO / MAKRO and FLE.About FLE / LFPIFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For questions please contact:Ms. Enikö SzivekAssistant to the management+43 1 532 02 11 20eniko.szivek@fle.co.atFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110
FLE has recently completed individual transactions for the successful sale of seven office buildings in Germany and one in Vienna, marking a significant milestone in the company’s strategic portfolio optimization. Over the past six months, these transactions have demonstrated FLE’s adeptness at navigating the complex real estate market of today and its commitment to reshaping its asset base for future growth.Strategic Rationale Behind the SalesThe decision to divest these properties is rooted in a comprehensive strategy aimed at refining its portfolio to focus on more modern and high-yield assets. The sold buildings were on the one hand characterized by their excellent locations in prospering A and B cities and their continuously high occupancy rates, but on the other hand by their age and the need for significant mid-term refurbishment.By offloading these properties, FLE has freed up capital that can be redirected towards acquiring contemporary and sustainable real properties of different uses.Details of the TransactionsThe assets, which were held for more than 12 years on average, are located in city centers of the respective German towns and in an upcoming district of Vienna. They have attracted mostly private investors with local and international background. The sales process saw robust interest, resulting in competitive bidding that ultimately achieved very favourable sale prices for FLE.The success in these transactions underscores the strength of the German and the Austrian real estate market. Despite global economic uncertainties, there remains a healthy appetite for well-located properties with the potential for redevelopment and value addition.Future Outlook for FLE and ConclusionDr. Alexander Klafsky, the managing partner of FLE comments: “With the proceeds from these sales, we are very well-positioned to pursue new investment opportunities. We will focus on acquiring properties in DACH and CEE that offer high returns and align with sustainable building practices. We will use the current down-cycle to pave the way for continued growth and future success.”About FLE / LFPIFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For questions please contact:Ms. Enikö SzivekAssistant to the management+43 1 532 02 11 20eniko.szivek@fle.co.atFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110July 19, 2024
• Purchase of a cca. 12,500 sqm light industrial asset in Natolin close to Warsaw• Continuation of the growth strategy in PolandFLE has successfully signed and closed the acquisition of the DAFA warehouse and production facility in Natolin (Grodzisk Mazowiecki Region), located in Warsaw logistic Zone II. The transaction was construed as a sale and long-term lease back.DAFA is a global company with its headquarters in Denmark, eight international offices and +350 employees. The company manufactures customised and value-added solutions in foam and rubber for sealing, absorption and protection. It offers a wide range of products and solutions within its main segments: Industrial Solutions, Building Solutions, and Wind Power. The property is the sole location of DAFA Group in Poland and one of four key production locations globally.FLE has acquired the property for the Luxembourg based real estate fund FLE SICAV FIS, which currently holds properties with an estimated value of around €3.5bn. The DAFA warehouse in Natolin is the fund’s 5th property in the Warsaw area.About FLE / LFPIFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately €28bn of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.For further questions please contact:Anna-Maria SchlintnerAssistant to the management+43 1 532 02 11 20Anna-maria.schlintner@fle.co.atFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110September 5, 2023
• Purchase of a 14,200 sqm office building in Budapest• Continuation of the strategic acquisition of centrally located assets that are generating high cash flowsVienna, May 3rd, 2023. FLE has successfully signed and closed the acquisition of the Vizivaros Office Center in Budapest. The building is located in the “Central Buda” office submarket in the Western part of Budapest, comprises around 14,200 sqm of total lettable space and was 96% let with annualized gross rental income of around €2.5m as at 31 December 2022. The seller is CA Immo.Alexander Klafsky, Managing Partner of FLE GmbH: “This successful purchase in Budapest is another example of our strategy of using the current market phase to acquire properties in excellent locations that will generate stable and high cash flows over the long-term.”FLE GmbH has acquired the property for the Luxembourg real estate fund FLE SICAV FIS, which currently holds properties with an estimated value of around €3.5bn. The Vizivaros Office Center is the fund’s eighth property in the Budapest area.FLE was legally advised by CMS Cameron McKenna Nabarro Olswang LLP. FLE’s technical advisor was Robertson Property Management Zrt.As of 31 December 2022, CA Immo’s Hungarian portfolio consisted of nine office buildings in Budapest with a total lettable area of around 194,000 sqm and a book value of around €460m. All Hungarian buildings have BREEAM sustainability certification.About FLE / LFPIFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately €25bn of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE.About CA ImmoCA Immo is an investor, manager and developer specialising in large, modern office properties in the metropolitan cities of Germany, Austria and CEE. The company covers a deep value chain in the commercial property sector and has a high level of in-house construction expertise. Founded in 1987, CA Immo is listed on the ATX of the Vienna Stock Exchange and has property assets of around €5.9bn in Germany (66%), Austria (8%) and CEE (26%).For further questions please contact:Anna-Maria SchlintnerAssistant to the management+43 1 532 02 11 20Anna-maria.schlintner@fle.co.atFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110May 4, 2023
FLE SICAV FIS, managed by FLE GmbH, has acquired its fifth office property in Poland – the Kopernik Office Buildings in Warsaw – from DWS, one of the largest asset management groups on the market. The deal, saw Knight Frank advising the buyer and Colliers representing the seller. Previous acquisitions concluded by FLE include industrial and retail facilities across Poland.The acquired property, located in one of Warsaw’s main office concentration areas on Aleje Jerozolimskie, comprises 5 office buildings completed between 2001 and 2007, with 25 000 sqm GLA and 760 parking spaces. The Assets hold BREEAM certification at Very Good and Excellent levels. Warsaw’s main railway station (Warszawa Centralna) is 20 minutes away by car, and Chopin International Airport lies within 15 minutes’ drive.Dr. Alexander Klafsky, Managing Partner at FLE GmbH said: “Our latest acquisition proofs that we are able to continuously purchase suitable assets that yield a very strong cash flow, even if the economic environment seems challenging. Our strategy enables us to balance short-term hurdles with long-term prospects and we still see a lot of potential for Poland.”Marek Jakubiak, Head of CEE at DWS said: Kopernik Office Buildings have been with DWS for over 15 years. Over the years, the property has proven to be very resistant to market and economic cycle changes, with stable level of occupancy and fluent leasing transitions. This successful disposal is a testament to the attractiveness of Warsaw office market and we are pleased to have delivered value to our investors in this region.Krzysztof Cipiur, Managing Partner and Head of Capital Markets at Knight Frank comments: “We believe this acquisition will strongly complement FLE’s portfolio of properties in Poland. The Koperniki complex exhibits very good quality, proved by its excellent leasing history and tenant retention record. We would also like to thank FLE for the trust shown, in what was our fifth joint transaction”.Piotr Mirowski, Senior Partner and Board Member at Colliers said: This transactions shows that there is a pool of office properties in Warsaw, that provide just a well- balanced combination of asset fundamentals that are sustainable in the long term. We would like to congratulate DWS for yet another office transaction, and wish FLE a highly successful period of ownership and that Kopernik continues to be an established and trusted business address.Allen & Overy supported the buyer with legal services, TPA Poland advised on tax issues, and technical consultancy services were provided by Avison Young.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Vienna, Austriaoffice@fle.co.atTel.: +43 1 53202110January 19, 2023
Over the past 5 years Poland has continuously become one of the most important countries for FLE. FLE now manages 11 Polish real properties that are spread over a large part of the country and comprise wholesale, light industrial, office, and hotel.We believe the time has come to give credit to Poland’s importance in our group and set up our own management there.We are glad to announce that we have appointed Jakub Mirosławski as FLE’s country manager for Poland. Jakub will be responsible for leasing and asset management of the properties located in Poland. He has extensive experience in commercial real estate, working for international real estate companies such as UBM Development and Ghelamco as well as Orco Property Group and CBRE. For the last six years Jakub Mirosławski worked as Head of Sales and Marketing at UBM where he coordinated, among other, leasing processes and asset management. He gained his knowledge on properties like Warsaw Spire, Wołoska 24, Poleczki Park and Pegaz in Wroclaw. Jakub graduates from the University of Warsaw and also completed his postgraduate studies “Varsavianistica” there.ABOUT FLE GMBHFounded in 2007, Vienna-based FLE GmbH is part of the French LFPI Group, an independent international multi-asset manager with nearly twenty two billion euros in assets under management.FLE GmbH acts as investment advisor to real estate funds investing in commercial real estate in Germany, Austria and CEE. The largest real estate fund, FLE SICAV FIS, listed on the Luxembourg Stock Exchange, has a real estate portfolio of approximately 3.2 billion euros.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Vienna, Austriaoffice@fle.co.atTel.: +43 1 53202110July 12, 2022
Essen. Welcome becomes Ramada. Christie & Co has found a new tenant in the Motogel hotel group, which will operate the former Welcome Hotel in Essen under the “Ramada by Wyndham” brand in the future. For the Latvian hotel operator Mogotel, this is the second hotel in Germany, with more to follow in the near future.On July 1, the Latvian hotel group Mogotel will take over operation of the 176-room business hotel on Schützenbahn in Essen. The Riga-based group is the largest hotel operator in the Baltic States. In Germany, Mogotel operates a second hotel in addition to the new Ramada by Wyndham Essen: the Wyndham Garden Munich Messe, which was also recently opened. In the medium term, more hotels are to follow throughout Germany.The owner, who is represented by FLE GmbH, is also pleased with the new operator. “Mogotel has convinced us as a tenant with the franchise brand Ramada by Wyndham, we are looking forward to the future cooperation,” commented Alexander Klafsky, Managing Partner at FLE, who together with his team accompanied the process on the owner side. Vienna-based FLE GmbH acts as investment advisor to the French LFPI Group for its real estate investments in Germany, Austria and the CEE countries.The owner was supported by Christie & Co. in a structured process of finding an operator. Christie & Co was able to inspire Mogotel for the location in the center of Essen. “Due to the pandemic, it was particularly important to choose an experienced hotel operator. We are very pleased to have won a renowned tenant in Mogotel,” sums up Lukas Hochedlinger, Managing Director Central and Northern Europe, who accompanied the lease together with Mona Eynck, Senior Consultant Investment & Letting.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Vienna, Austriaoffice@fle.co.atTel.: +43 1 53202110July 6, 2022
While being a signatory of the United Nations PRI convention, environmental, social, and governance (ESG) issues are major drivers for FLE’s investment decisions. FLE is wholeheartedly accepting its responsibility in the global fight against climate change.Our new business line is the result of such responsibility: Commercially managed forests are one of the world’s major means to capture and store carbon.Trees not only store greenhouse gases, but also produce biomass and oxygen from water, CO2 and sunlight. Forests provide protection of soil and drinking water and protection from natural disasters. They are creating living spaces for a vast amount of different species, therefore preserving biodiversity while, on top, supplying raw materials for buildings, heating and electricity.FLE commits to sustainable forest management maintaining wooded land in a way that its biodiversity, productivity, regenerative capacity and vitality are ensured. We will ensure that forests remain forests, that deforested areas or woods that suffered large-scale damage are reforested and that appropriate parts of the value creation remain within the rural population in the respective countries. The ultimate goal shall be that a forest’s potential to fulfill its vast ecological, economic, and social functions are preserved for future generations.With the aim of building up a forest portfolio that extends to 2,500 hectares in theshort-term, FLE has reinforced its team in Vienna with a highly qualified expert on forest management: Mr. Florian Kirchner who has more than 20 years of professional experience in managing forests.Target regions are those in which the FLE/LFPI group is present already and has a network of close collaborators and business partners.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Vienna, Austriaoffice@fle.co.atTel.: +43 1 53202110
Austrian asset manager FLE GmbH has acquired the Eastleighstraße 50-52 property in Kornwestheim near Stuttgart. The property, built in 1992, is located directly next to the Kornwestheim S-Bahn station and has 6,700 m² of rental space as well as an underground parking garage with 109 parking spaces. FLE GmbH has contributed the property to the real estate fund FLE SICAV FIS and will develop it further in the long term.The parties have agreed not to disclose the purchase price and further details of the transaction.Dr. Alexander Klafsky, Managing Director of FLE GmbH: “With the acquisition in Kornwestheim we are once again confirming our confidence in office properties of sustainable value that are located in regional conurbations of major cities. Eastleighstrasse 50-52 fits perfectly into our investment strategy and offers further potential in the coming years. The Stuttgart economic area has been an interesting investment market for us for years.”The transaction was exclusively brokered by E&G Real Estate, a member of German Property Partners (GPP), with legal advice provided by the law firms Luther and GSK Stockmann.About FLE GmbHFounded in 2007, Vienna-based FLE GmbH is part of the French LFPI Group, an independent international multi-asset manager with nearly fourteen billion euros in assets under management.FLE GmbH acts as investment advisor to real estate funds investing in commercial real estate in Germany, Austria and CEE. The largest real estate fund, FLE SICAV FIS, listed on the Luxembourg Stock Exchange, has a real estate portfolio of approximately 3.2 billion euros.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Vienna, Austriaoffice@fle.co.atTel.: +43 1 53202110February 10, 2022
Mokotow Plaza is a class A, modern 5-floor office building, which underwent refurbishment in 2014. It is located in an established office district of Warsaw, Mokotow Business District, at 6 Postępu Street. Its total GLA is 15,500 leased on long-term agreements to such notable tenants as: EnelMed, SDI Media, Securitas, BDO, Rockwool.The property is situated next to the bus stops, enabling easy communication with metro stations Wilanowska and Wierzbno. Nearby there is also the S79 expressway connecting with the Warsaw Southern Ringroad and A2 motorway to Berlin. Moreover, the international Warsaw Chopin Airport is located in the vicinity.“Mokotow Business District is undoubtedly Warsaw’s most developed non-central business hub outside the city center of Warsaw. The area has undergone substantial urban transformations for the last few years. The redevelopment of Marynarska Street or extension of Postępu and Woronicza streets as well as several offices, residential and hotel projects were delivered. Attractive rental levels in comparison to the city centre are perfect for companies targeting cost‑efficient solutions within renewed office environment. We are expecting more transactions of comparable assets in the area in the near future.” – comments Bartłomiej Krzyżak, Senior Director, Investment at Avison Young in Poland.“We are very happy about our latest acquisition in Poland” – adds Alexander Klafsky, managing partner of the purchaser. “Mokotow Plaza guarantees a strong cash flow that is secured for more than six years and a very high upside potential. After being present already in several regional cities in Poland, we are glad to have finally entered Warsaw market with an office investment and are eager to increase our portfolio here. Our appetite for Polish real estate remains strong as well in 2022.”Avison Young investment team has been representing the seller throughout the transaction. Allen&Overy provided legal advisory to M7 Real Estate. DLA Piper and TPA supported FLE with legal and tax advisory accordingly.M7 Real EstateM7 is a leading specialist in pan-European, regional, multi-tenanted commercial real estate and is part of the M7 Investment Group of companies. The company has over 225 employees in 15 countries and territories. M7 team manages over 620 retail, office and industrial properties with a value around €4.0 billion.M7 Real Estate Ltd is part of the M7 Investment Group and focuses on the real estate investment and asset management operations of the M7 Investment Group.FLE GmbHFLE is investment advisor for real estate in Europe and headquartered in Vienna, Austria. FLE selects only such projects that measure up to high standards of security and exhibit both strong cash flows as well as significant growth potential. A large part of the company’s success is the result of active asset management.FLE is part of the French LFPI group, one of the biggest independent multi-strategy alternative asset managers in Europe with approximately fourteen billion Euros of assets under management.Avison YoungAvison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its Principals. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as investment advisory, valuation consultancy, technical advisory and projePress contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110January 28, 2022
14. September 2021, Vienna/ Wrocław. The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.This is to be Riga-based Mogotel’s first hotel in Poland, with the Latvian operator having been secured for the hotel by Christie & Co. It will be operated under a franchise agreement with Wyndham Hotels & Resorts.“Due to the pandemic, it was particularly important to select an experienced tenant and we are delighted to have secured a reputable international operator for the property in Mogotel Hotel Group. The hotel offers the best conditions for a strong market entry for Mogotel with their franchise brand Wyndham – and we wish the new operator all the best.”- Simon Kronberger, the Austria and CEE director of Christie & CoThe hotel forms part of Wratislavia Center – a mixed-use building that was completed in 2001 on ul. Świętego Mikołaja close to the city’s historic market square. It has 205 guest rooms over four storeys as well as eleven conference and meeting rooms that can accommodate 250 to 400 people – the largest hotel-owned event space in Wrocław. The building also has three restaurants and an illuminated spa with views over the city.Mogotel is the largest hotel operator in the Baltic States in terms of the number of rooms and hotels.“We are very pleased to have found this leasehold property in a strategically excellent location to further our expansion plans in Europe.”- Ivans Dokicans of Mogotel Hotel GroupWratislavia Center is owned by French group LFPI, through its Vienna-based investment vehicle FLE, which acts as its investment advisor for its portfolio in Germany, Austria and the CEE region.“Throughout the entire process we have been supported very professionally by Christie & Co and are proud to have identified a strong partner who can ensure a secure long-term solution for the property.”- Alexander Klafsky, the managing partner of FLE***About FLE GmbHFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with almost five 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 more than 250 real properties with an estimated net value of approximately three 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 purchase prices ranging from five million to fifty million Euro per asset in Germany, Austria, and CEE.Press contact:Anna-Maria SchlintnerFLE GmbHPalais KinskyFreyung 4/12, 1010 Wien, Österreichoffice@fle.co.atTel.: +43 1 53202110September 24, 2021
16. September 2021, Vienna/Katowice. FLE SICAV FIS, managed by FLE GmbH, has acquired the Rockwell Automation warehouse and industrial facility in Katowice. Knight Frank advised the buyer. The value of the deal is confidential.The property is located in a last mile delivery location, just 3.5 km away from the Katowice city center, and only a seven minute drive from the A4 motorway. The production area is 18,093 sqm GLA in total, including 12,808 sq m of warehousing/manufacturing space, 4,740 sq m of office/social space on two levels, with an additional 545 sq m of warehousing office space that has been leased to Rockwell Automation. The tenant has been operating from the property for 14 years and recently signed a long term extension of the lease.Dr. Alexander Klafsky, Managing Partner at FLE GmbH said: “Our main focus for investments is on strong and sustainable cash flows and the Rockwell Automation facility in Katowice is a perfect example of that. We are very happy with our real estate portfolio in Poland that already comprises offices, hotel, wholesale, retail, and light industrial and are keen on expanding and diversifying here further.”Krzysztof Cipiur, Partner, Head of Capital Markets Department at Knight Frank comments: “We are proud to advise FLE on the acquisition of this industrial project – it is new and a very attractive asset class for the fund in Poland. The asset is a great combination of excellent location and a strong tenant.”Allen & Overy supported the buyer with legal services and TPA Poland advised on tax issues. Building consultancy services were provided by Trebbi. The seller has been advised by Colliers, JLL and Dentons.***Knight Frankis a leading independent international real estate advisory. Headquartered in London, Knight Frank has over 19,000 experts in 512 offices across 60 countries. The Group advises both individual owners and buyers, as well as major developers, investors, and corporate tenants. Learn more about the Company at knightfrank.com.FLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with almost EUR 12 billion 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 real properties with an estimated net value of approximately EUR 3 billion. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE.September 24, 2021
Vastint Poland has sold the Brama Portowa office building complex in Szczecin. The new owner is FLE SICAV FIS managed by FLE GmbH from Vienna.The subject of the transaction are the two office buildings that form the Brama Portowa complex, offering nearly 13,000 square meters of modern office and retail space in the centre of Szczecin. Brama Portowa is the first commercial project in the city which has successfully passed the LEED certification procedure. The largest tenants in the building include Vestas, PKO BP, ING Bank, and LUX MED.“The buildings, opened at the end of 2012, have become a permanent feature of Szczecin’s landscape, providing a comfortable workplace for many city residents. However, the time has come to refresh our portfolio by selling mature assets. The closing of the sale of Brama Portowa confirms the significant added value potential of our buildings,” says Roger Andersson, Managing Director of Vastint Poland.“We are glad that despite the pandemic and the related restrictions, investors remain active on the Polish office real estate market and appreciate the investment attractiveness of Szczecin, the dynamically growing but also stable office market in Poland. At the same time, we would like to thank Vastint for the trust placed in us by entrusting us with this transaction, and I would like to congratulate FLE on another successful acquisition,” commented Krzysztof Cipiur, Director in the Capital Markets Department at Knight Frank.Dr. Alexander Klafsky, managing partner of FLE GmbH, elaborates: „In the past four years we managed to build a solid and high-yielding real estate portfolio across Poland, covering strong regional cities as well as the capital. We will continue to grow in Poland and have already secured two new projects. The latest purchase in Szczecin confirms our investment appetite and our investment criteria: Thanks to Vastint the Brama Portowa office building complex is of exceptional technical standing, shows a very strong tenant diversification and exceptional tenant quality.“The LegalKraft law firm, attorneys-at-law Artur Świrtuń and Dawid Demianiuk, supported the seller with legal services. The buyer was advised by Allen & Overy, namely by attorneys-at-law Michael Matera and Piotr Przybylski.Knight Frank is a leading independent international real estate advisory. Headquartered in London, Knight Frank has over 19,000 experts in 512 offices across 60 countries. The Group advises both individual owners and buyers, as well as major developers, investors, and corporate tenants. Learn more about the Company at knightfrank.com.Vastint Poland is part of the Vastint Group, an international real estate organisation with 30 years’ experience. The cornerstones of our operations are the management of portfolio properties and the development of commercial real estate, including residential development and sales. More information: www.vastint.euFLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with almost five 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 more than 250 real properties with an estimated net value of approximately three billion Euro.January 25, 2021
