Futureal Investment Partners, the recently launched real estate investment and asset management business of CEE developer Futureal, has acquired the Wratislavia Tower in the centre of Wroclaw for an undisclosed amount.
Wratislavia Tower, located near Kazimierza Wielkiego and only 300 metres from the city’s main square, is an 11-storey, glass-clad tower. It comprises more than 12,000 m2 of office and service space, including a cinema, a fitness centre and 140 underground parking 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, a Central European real estate developer. It follows the purchase of the Manhattan Shopping Center in Gdansk.
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.’