Futureal Investment Partners has purchased the Wratislavia Tower mixed-use building in the centre of Wrocław, Poland. The purchase price was not disclosed. The asset, located near Kazimierza Wielkiego and only 300 metres from the city’s main square, is an 11-storey, glass-clad tower. It comprises over 12,000m² of office and service space, including a cinema, a fitness centre and an underground parking facility for 140 spaces. Futureal Investment Partners is planning to redevelop the building into a modern, high-quality retail, entertainment and office building with a focus on IT tenants.
The acquisition is the second by Futureal Investment Partners, which was launched last week by Futureal, the leading Central European real estate developer, following that of the Manhattan Shopping Center in Gdansk. The asset management will be done in-house by Katarzyna Socha, Senior Asset Manager, and Michal Ulasinski, Development Manager.
Karol Pilniewicz, who heads Futureal Investment Partners, said: “Wratislavia Tower is a fantastic redevelopment opportunity for us, given the high demand for office space in the centre of Wroclaw. We would like to reposition the asset over the next 24 months from a technical and tenant-mix perspective”.
