The Investika Real Estate Fund, acting jointly with its joint-venture partner BUD Holdings SA., has acquired
the Piastow Office Center in Szczecin, Poland, from funds managed by Blackstone.
The Piastow Office Center consists of three office buildings totaling 21,000 square meters of A-class commercial premises. The complex has been leased to modern IT/TELCO companies and business-processing entities, and includes a canteen, bank and insurance outlets, medical facilities, and a gym. As a result of the acquisition, the total size of the real-estate assets owned by the Investika Real Estate Fund in Poland have increased to 430,000 square meters.
“Following significant increase in our real estate portfolio in December 2024, we continue to grow and to strengthen our position on the largest and the most robust market in CEE,” said Petr Cizek, Chairman of the Board of Directors of the Investika investment company which manages the Investika Real Estate Fund. “We have already successfully set our foot in the TriCity and now have spread our presence to Szczecin. These regional markets are booming and attracting the companies from businesses such as IT/TELCO, maritime, logistics and banking. The stable rental income from this property will help achieve Investika Real Estate Fund´s target return of 4 – 6 % p.a. for its investors.”
“We have been seeking an acquisition in Szczecin for a long time and we are pleased that we have managed to acquire this attractive office complex, as it is one of the best and most promising office buildings in the area, and we have no doubt about its future growth,” added Paolo Panico, Director of BUD Holdings SA.
“Purchase of the Piastow Office Center, being the first office property investment transaction in Poland in 2025, gives Investika Real Estate Fund a strong starting position into the year,” said Rafał Proczek, Director of Investika Polska Services, which cooperates with the Investika investment company in managing the Polish part of the Investika Real Estate Fund portfolio. “Szczecin is considered as one of the most stable office real estate markets in Poland, with long-term low vacancy rate and stable rental development. The unique architecture of the project and highest quality of used materials guarantee the longevity of the project, which combined with our long-term active asset & property management strategy in place makes us convinced about asset´s increase in value in the long run.”
The Investika Real Estate Fund and BUD Holdings were advised by LegalKraft and Savills in Poland. Blackstone was advised by Cushman Wakefield and Greenberg Traurig.