POLAND Catella takes in WPP in Polish debut
Property and Facility Managementschedule 09 May 2022
WPP’s managing directors Jacek Wachowicz (CEO), Christian Fojtl and Bartosz Bzoma will continue to run the company following the takeover
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Swedish property investment and fund manager Catella has entered Poland through the majority acquisition of Warsaw Property Partners.
Catella has agreed to acquire 65 pct of WPP for around SEK 40 mln (app. EUR 3.76 mln or PLN 17.63 mln). WPP is an independent real estate investment asset and development management company operating exclusively in the Polish market, with assets under management of more than PLN 880 mln and 18 employees.
Christian Fojtl, Jacek Wachowicz and Bartosz Bzoma, the managing directors of WPP, will remain shareholders and have committed to the company for at least another five years. It will continue t
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