Estonia-based Summus Capital OU is continuing its expansion into Poland with the acquisition of the Lakeside office building in Warsaw from Atenor, in a transaction valued at EUR 61.9 million.
Summus Capital’s acquisition of Lakeside follows shortly after the company’s initial acquisition in Poland, involving the React office building in Lodz (as reported by CEE Real Estate Matters on November 29, 2024). According to the company, “this latest transaction underscores Summus Capital’s commitment to building a diversified and high-quality commercial real estate portfolio in Central and Eastern Europe.”
Lakeside is a brand-new A-class office building offering 23,834 square meters of premium workspace. The building holds BREEAM Outstanding and WELL Gold certifications, and is located ten minutes from Chopin Airport, providing useful connectivity to Warsaw’s city center and key business hubs. The property is nearly fully leased to prominent tenants such as Lux Med, Polenergia, Hewlett Packard, and Bonduelle.
“This acquisition represents a significant milestone for Summus Capital as we continue to grow our presence in Poland,” said Hannes Pihl, Board Member of Summus Capital and Managing Partner of Zenith Family Office, the strategic-asset and investment-management partner of Summus Capital. “Following our plans with React in Lodz, Lakeside further enhances our portfolio with its exceptional quality and green credentials.”
“We are extremely pleased to have successfully closed the Lakeside transaction exactly one year after submitting our initial offer,” Pihl added. “When we began negotiations, the project was still under construction, and the result we see now exceeds all our expectations. A green surrounding EU Taxonomy-compliant office building with a stunning lake view is a perfect fit for our Warsaw investment. Considering that this prominent property hosts strategic sectors such as medicine, energy, and IT, and benefits from an unusually long average lease period in today’s market, it will be a straightforward management task in the years ahead.”
The acquisition was financed by Erste Group Bank AG, and the Penteris law firm advised Summus Capital. The Schoenherr law firm advised Erste Group Bank AG.
“Summus Capital continues to leverage its expertise in identifying and managing high-value real-estate assets across the Baltic States and CEE region,” Pihl concluded. “With a well-diversified portfolio spanning retail, office, logistics, and medical properties, the company remains focused on sustainable growth and strategic investments.”