Madison International Realty buys controlling stake in Capital Park
Madison International Realty LLC has signed a preliminary agreement for the acquisition of a controlling 65.99-percent stake in Capital Park SA from Patron Capital Partners. The transaction provides Madison with a significant and strong local platform from which to expand its Polish portfolio. It also gives Madison exposure to Capital Park’s PLN 2.5bn portfolio of high-quality assets in Poland, totaling 304,000 sqm of leasable space, of which 77 percent is in Warsaw. Madison is undertaking this acquisition on behalf of the Madison International Real Estate Liquidity Fund VI. The global real estate investor acquired a 50-percent stake in the iconic Warsaw Spire office tower last year.