Adventum Group acquires Sky Tower in Wroclaw

16
Mar
2022
News - Adventum Group acquires Sky Tower in Wroclaw #Adventum Group #investment #office #Poland

by Property Forum | Investment

This is the seventh investment of the group in Poland. The 212 meters high landmark building is one of the best-known towers across the country.


Adventum Group, the CEE-focused real estate investment manager, has completed the third close of its latest fund PENTA in March 2022. The third acquisition of the Fund is the Sky Tower multifunctional office building in Wroclaw, which was developed in 2012.

Adventum Group on behalf of its funds now owns and manages more than 300,000 sqm of commercial real estate in Poland, Hungary, and Romania. As of today, in excess of €170 million has been raised and onboarded overwhelmingly from blue-chip institutional investors with subsequent closes to follow.

Adventum has managed to attract institutional capital from Finland, Germany, and the UK. Fund PENTA targets high-yielding core plus office buildings in economic hubs of the core CEE region.




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New leases

  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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