KSP buys Stratos from Pramerica

Kulczyk Silverstein Properties (KSP) has purchased the Stratos Office Center  in central Warsaw from Pramerica Real Estate Investors. KSP plans further acquisitions in Poland and other countries of CEE region.

Stratos Office Center is a 10,600 sqm  Class A office building developed in 2000 by the Austrian developer  Karimpol.

Pramerica acquired the property in 2006. The building is fully let to tenants including BRE Leasing, the Belgium Embassy as well as international law firms Beiten Burkhardt and Bird & Bird.

The transaction was financed by Landesbank Berlin AG and Berlin Hyp and was brokered by Colliers International.  Hogan Lovells acted for KSP while Salans acted for the vendor. One unconfirmed market source not involved in the deal put the yield at around 6.6%.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s