The Investika Real Estate Fund, in cooperation with joint-venture partner BUD Holdings, has acquired the P180 office building in Warsaw’s Mokotow business hub from Skanska Commercial Development Europe.
The transaction is valued at approximately EUR 100 million.
P180 offers 32,000 square meters of premium office space and is almost fully leased. It has been certified LEED Platinum, WELL Gold Core & Shell, WELL Health-Safety Rating, and Building without Barriers.
According to Rafal Proczek, Head of Asset Management at Investika, “the stable rental income from P180 will contribute to the Investika Real Estate Fund´s long-term target investment return between 4% and 6% per annum for its investors. I am confident that with long-term active asset & property management strategy in place we will increase its market value in the years to come.”
“We celebrated Santa Claus in Poland and Czechia last week, so he came a bit late this year – but he didn’t disappoint neither the buyer nor the seller!” said Skanska Head of Divestments CEE Adrian Karczewicz, on LinkedIn. “This marks our second core transaction in Warsaw this year (following Studio B in May), reinforcing Skanska’s ability to deliver sustainable, high-quality assets aligned with market expectations.”