Czech real estate fund Wood & Company has bought the Royal Wilanów complex in Warsaw from Capital Park Group, in a deal worth more than €100 million. The building offers 37,000 sqm of lettable space and is fully commercialised.
Royal Wilanów is a mixed-use complex located in Warsaw's Wilanów district. The five-storey Class A building offers approximately 25,000 sqm of office space. The remaining space comprises a retail and service area with dining options, shops, a kindergarten, a fitness club and medical operators. A total of 908 parking spaces are available to customers in the underground car park.
"Royal Wilanów is much more than just a building for us. It has also been the headquarters of our company for many years," says Marcin Juszczyk, Managing Partner at Capital Park Group. "We are pleased that the project is now in very good hands and we remain involved as the property manager, ensuring continuity for our tenants and partners."
With this acquisition, Wood & Company has more than doubled its exposure to the Polish office market. This is the group's fifth property investment in Poland and its third office building in Warsaw, following the Astrum Business Park and Concept Tower projects. "Royal Wilanów is a unique complex that combines offices with retail, services and leisure areas, creating a vibrant environment for both tenants and the local community," says Jan Kolb, Investment Manager at Wood Real Estate.
CBRE, MDDP and Greenberg Traurig advised Capital Park Group on the sale, whilst Wood & Company was supported by Avison Young, CMS and Koda.
