CPI acquires the Warsaw Financial Centre expanding its green portfolio

Leading CEE real estate group CPI Property (CPIPG) acquired the prestigious Warsaw Financial Centre (WFC) office building.

Located at the intersection of Emilii Plater and Świętokrzyska Streets in Central Warsaw, WFC is one of the most prestigious high-rise buildings in Warsaw providing 50,000 square meters of A-grade office space across 32 floors. WFC is certified LEED Gold and is 99 per cent occupied by notable tenants including Google, Bloomberg and Kompania Piwowarska.

“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 euros in Warsaw by early 2020. Our ample cash balances and access to attractive financing will allow CPIPG to continue pursuing opportunities to invest in our business and capital structure going forward.”

Early in November, CPIPG announced also the acquisition of Eurocentrum, which is certified LEED Platinum and is the largest green-certified office complex in Warsaw. Including both Eurocentrum and WFC, the level of green certification in CPIPG’s portfolio is expected to rise from 8 per cent at the end of 2018 to more than 16 per cent by the end of 2019.

“CPIPG will continue to prioritise 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.”