Wratislavia Center, a mixed-use property in Wroclaw has been sold to FLE, an investment advisor headquartered in Vienna. FLE bought the asset on behalf of FLE SICAV FIS, a real estate fund headquartered in Luxemburg and owning a commercial real estate portfolio in Europe and the US exceeding € 2 bn.
In the process Knight Frank acted on behalf of the seller, a private investor. Dentons provided legal advice. The buyer was advised by the legal counsellors White & Case.
‘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.
Wratislavia Center is a complex located in the centre of Wroclaw, in the Old Town district. The GLA of the property amounts to ca. 16,950 sqm. It comprises a 5-star hotel, offices, ground retail units and a large underground parking facility.
