After many successful deals across Europe focusing on both Germany and Portugal, FFA Real Estate Limited adds yet another European bustling market to its portfolio.
FFA Real Estate, now a player on the polish market, recently advised on the acquisition of The Mlodziejowski Palace in the heart of Warsaw:
The palace is a prestigious historic building, originally constructed in the 17th century, reconstructed in the 19th century and restored after the World War II, in the Old Town at Miodowa 10 Street. The property has been transformed into a unique modern grade-A office building in 2010/2011 of 6,970 m², leased to several tenants including, the Polish Ministry for Foreign Affairs, the Polish Court of Appeal and one of the world's largest intergovernmental organizations.
The previous owner was a German investment Fund managed by Patrizia AG, before it changed hands this spring to the special purpose vehicle MIDOLUX 2 SA advised by FFA Real Estate that cooperated with several market leaders to arrange the transaction:
1. CBRE advised the seller - PATRIZIA AG, on behalf of their investment fund, as a commercial advisor and selling agent
2. Linklaters Warsaw & Germany provided Legal advisory (Transaction & Financing)
3. Dentons and Hogan Lovells provided tax advisory
4. DIL Technical advisory
5. Cushman & Wakefield Valuation services
6. Simres Debt financing Arrangement
7. OTB Investment have been appointed as the asset manager of the building.
FFA Real Estate, is a member of FFA Private Bank Group, a leading specialized banking and investment group in the Middle East, operating from Dubai (DIFC) and Beirut. The group’s real estate arm is advising on projects across Europe with a total value of over 200 million Euros and is constantly on the look for attractive locations and unique projects that guarantee long-term secured cash flow and high returns.
