White & Case has advised Vienna-based FLE on the purchase of the K1 office building in Krakow. CMS reportedly advised the seller, an unnamed global investment manager, on the deal.
FLE purchased the property, which White & Case describes as "the tallest office building in Krakow," on behalf of FLE SICAV FIS, a real estate fund headquartered in Luxembourg which owns a commercial real estate portfolio in Europe and the US.
K1 is an office complex located in the Krakow city center. The gross leasable area of the property is 12,600 square meters, and the complex has 20 floors of offices and retail space on the ground floor.
White & Case’s team consisted of Warsaw Local Partner Michal Matera and Associates Piotr Przybylski, Marta Strykowska, Katarzyna Syncerek, and Marcelina Pazgan.
Editor's Note: After this article was published, CMS confirmed its involvement in the deal. The firm's team consisted of Partner Wojciech Koczara and Senior Associate Mateusz Wosiek. The seller was not identified.