Warsaw Skyscraper Acquires New Owner

WFC provides 50,000 square meters of office space across 32 floors.

09 December 2019 | Warsaw, Poland

CPI Property Group (CPIPG) has acquired the 144-meter Warsaw Financial Center (WFC) office building.

Located at the intersection of Emilii Plater and Świętokrzyska Streets in Central Warsaw, WFC provides 50,000 square meters of office space across 32 floors. It is certified LEED Gold and is 99 percent occupied by notable tenants including Google, Bloomberg, and Kompania Piwowarska.

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“CPIPG is pleased with the quality of our acquisitions in Warsaw,” said Martin Nemecek, CEO of CPIPG.

“We are on track to meet our goal of investing more than €800 million (US$886 million) in Warsaw by early 2020,” he added.

In November 2019, CPIPG announced also the acquisition of Eurocentrum, a large office complex in Warsaw.

“CPIPG will continue to prioritize green acquisitions wherever possible across our region,” said Tomas Salajka, Head of Asset Management and Acquisitions for CPIPG. “Green properties operate efficiently and will benefit from the sustained value and tenant demand over the long-term.”

For more on this story, go to Emerging Europe.