ZFP Investments, the Czech-based subsidiary of Slovak IAD Investments, has concluded the acquisition of the Kotlarska 11 office building in Kraków on behalf of ZFP Real Estate Fund. This marks the investor’s entry into the Polish market.
The Kotlarska 11 office building was completed at the end of 2017 by Austrian developer UBM Development AG. It offers 11,000 sqm of Class A office space in the historic Kazimierz district of Poland’s second largest city. The building is LEED Platinum certified.
“Concluding this transaction and entering the Polish market is part of IAD’s goal to become an investment platform with access to all CEE markets, with standing assets in Slovakia, Czech, Hungary and now Poland”, Marián Fridrich, Head of Transactions at IAD Investments announced on LinkedIn.
As of December 2017, the value of ZFP Real Estate Fund’s assets exceeded €197 million (CZK 5 billion).
