Capital Park Group has sold the Royal Wilanów complex in Warsaw to Czech real estate fund WOOD & Company in a transaction valued at over €100 million. The property provides 37,000 sqm of lettable space and is fully leased.
Located in the Wilanów district of Warsaw, the mixed-use scheme includes approximately 25,000 sqm of office space within a five-storey Class A building. The remainder is allocated to retail and service functions, including dining, shops, a kindergarten, fitness facilities and medical services. The complex also provides 908 underground parking spaces. Tenants include Hilti Polska, Erbud, Carrefour Polska, MJM Holdings, Benefit Systems, Lindt & Sprüngli Polska, Medicover and LUXMED.
“Royal Wilanów is much more than just a building for us. It has also been the headquarters of our company for many years. Since its opening in 2015, we have been consistently developing this place and taking care of its day-to-day operations, watching with pride as it became an integral part of the Wilanów district and a popular destination for the local community. 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,” said Marcin Juszczyk, Managing Partner and Vice President of the Management Board at Capital Park Group.
Following the acquisition, WOOD & Company has increased its exposure to the Polish office market. The transaction represents its fifth investment in Poland and its third office asset in Warsaw, after Astrum Business Park and Concept Tower.
“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. A diversified base of more than 80 tenants and the building’s historically high occupancy perfectly reflect our investment strategy focused on high-quality assets with attractive long-term returns,” said Jan Kolb, Investment Manager at WOOD Real Estate.
“The acquisition of the Royal Wilanów project is fully aligned with our long-term investment strategy, which aims to strengthen exposure in key Central European markets, particularly Poland, one of the largest and most liquid real estate markets in the region. The transaction contributes to the further geographical diversification of the Office and Retail sub-funds’ portfolios and supports the stability of long-term returns,” added Jiří Hrbáček, Portfolio Manager at WOOD Real Estate.
CBRE, MDDP and Greenberg Traurig advised Capital Park Group on the sale, while WOOD & Company was advised by Avison Young, CMS and Koda.