An opportunity fund advised by Tristan Capital Partners has acquired a site with full development rights in the centre of the university city of Wroclaw, Poland’s fourth largest city, to build circa 22,365 sqm of prime office space with ancillary retail to be known as ‘Infinity’.
Tristan’s European Property Investors Special Opportunities 4 (EPISO 4) Fund completed the acquisition with Avestus Real Estate, the Fund’s local operating partner and development manager for the project. The site is ready for immediate development to achieve a delivery date of Q3 2020. The property will be of Class A quality and has achieved a BREEAM Excellent pre-certification.
Cameron Spry, Senior Partner and Head of Investments at Tristan Capital Partners, said: “Poland is a leading location for business process outsourcing in Europe, and the highly-skilled labour pool of the country’s main regional cities has led to a significant decentralisation of the Polish office market.”
Wroclaw is the second investment made by a Tristan Fund and Avestus into the Polish office market. The firms previously completed the acquisition of an office park in Krakow in May 2015.
