Europa Capital completed the acquisition of the Radisson Blu Centrum Hotel (“Radisson”) in central Warsaw. The Radisson is a 311 room, four-star hotel with conference facilities, restaurants and leisure facilities including a gym, swimming pool and spa and is located in the heart of Warsaw’s CBD. WXMS advised Europa in the process, co-invested in the transaction and will provide ongoing Asset Management Services for the Project.
Name of the deal
Radisson Centrum
The date of closing the deal
April 2017
Value of the transaction (in EUR)
Confidential
Yield
n/a
Seller, plus brief information about the company
Confidential
Consultancy which advised Seller
None
Purchaser, plus brief information about the company
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital has collectively raised 9 real estate funds and committed to over 105 transactions totalling some €9.5 billion across 19 European countries. The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of The Rockefeller Group International ("RGI"). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Consultancy which advised Purchaser
None
Financing institution
Confidential
Current occupancy level
100%
Please say why this deal should be considered for the award
The Warsaw hotel market is currently experiencing a period of demand supply imbalance. This is a fantastically well-located asset in Central Warsaw with a very strong performance track record. Europa Capital have experience in this sector with the successful refurbishment of the Sobieski Hotel and teaming up with the same partner in WX Management Services to undertake a comprehensive refurbishment and to drive performance. Europa Capital will be working in close co-operation with Radisson, who will continue to operate the hotel.
