Adventum International, a Malta-based boutique investment fund manager with a partial Hungarian background, has acquired the 18,000 sqm Poznan Financial Center from Peakside Capital Advisors. The purchase price was not disclosed.
The 16-storey Class A office tower was originally completed in 2001 is fully leased to tenants such as Santander Bank, Medicover and Sonalake. Poznan Financial Center is located in the Stare Miasto district, just on the outskirts of the historic city centre, and offers easy access to local amenities such as restaurants, cafés, shops or parks. The asset is easily accessible by private and public transport. The transaction represents a milestone for both parties. It marks the final divestment for a value-add separate account managed successfully by Peakside. For Adventum, the acquisition is the first investment in the CEE region under its Adventum Quartum real estate fund.
Christopher Smith, heading the transaction with Peakside, commented: “We will reinvest the freed capital in new opportunities in logistics and other asset classes. After successfully repositioning the asset over the past three years, we are glad to have found in Adventum a highly professional partner with a clear vision for the property.”
Andras Marton, Director at Adventum International said: “Our goal as a mid-cap fund manager is to further expand in the CEE region, where we have unparalleled experience in Poland, Hungary, Czechia and Romania. Under the Adventum Quartum fund which we recently launched we aim to deploy €250 million in the next 12 months in office and retail properties with special focus on Poland. We are glad to have undertaken the first such transaction with Peakside, a renowned fund manager.”