Centrum Orląt changes hands
Adventum International, a Malta-based boutique investment fund manager, has acquired yet another property in Poland. The 17, 000 sqm Centrum Orlat office building at Plac Orląt Lwowskich in Wrocław was purchased from EFL Service S.A. being part of the financial groups of the European Leasing Fund S. A. With this transaction Adventum’s Quartum Polish office portfolio grew up to 63.000 sqm GLA.
Avison Young technical advisory team provided due diligence services for the buyer.
From the purchaser’s side Business Development Director Andras Marton commented after the deal was closed:
We are glad to have undertaken the transaction with Credit Agricole, a highly professional business partner. Centrum Orląt has an excellent location and strong property fundamentals. Our strategy with the asset is to undertake a full refurbishment program, transforming it into a modern, energy-efficient Class A office building with BREEAM certification. Leasing of the property has already commenced, led by CBRE with Centrum Orląt re-opening its doors in Q1 2021.
From the seller’s side Wojciech Przybył, Member of the EFL Management Board said:
The office building at pl. Orląt Lwowskich was the seat of EFL for nearly 18 years. During this time, our company was dynamically developing, we increased employment significantly, and technological solutions and requirements appeared on the office market that we were not able to introduce at this facility. Therefore, as the Credit Agricole Polska Group, we have decided to change the headquarters and transfer all of our companies to the new ecological Business Garden office building at ul. Legnica.
Centrum Orląt – developed in 2002 – with its distinctive glass façade is located in the very center of Wrocław, near the Market Square at the intersection of Podwale, Piłsudskiego and Braniborska Streets. For over the last 10 years it has dominated the vicinity of Plac Orląt Lwowskich. The 12+1 storey property is fitted with 5 high speed elevators, including 2 panoramic elevators overlooking the old town area, central HVAC, BMS, two independent power sources, and is fully compliant with disabled access.
10 Jun 2020 r.