News Article Adventum Group Develia investment office Poland Warsaw
by Property Forum | Investment

Adventum Group, which focuses on CEE real estate investments, have completed the fifth acquisition through its Adventum Penta Fund SCA SICAV-RAIF. The fifth acquisition of the fund is the Wola Retro office complex in Warsaw, Poland which was constructed in 2019 by Develia SA.

As of today, close to €250 million has been raised and onboarded on the Adventum Penta platform, overwhelmingly from blue-chip institutional investors. Adventum has managed to attract institutional capital from Hungary, Germany, the UK and further European countries based on Adventum’s strong track record, remarkable pipeline and ESG-compliant green fund offering. Adventum targets high-yielding core plus office buildings in economic centres of the core CEE region. 

The fifth acquisition of the Fund is the Wola Retro office complex in Warsaw, Poland which was constructed in 2019 by Develia SA. The property is situated in the Wola District the newest city centre hub and still dynamically growing prime commercial and residential city location. The altogether 25,900 sqm (GLA) Wola Retro office complex is composed of two integrated sections, a 6,900 sqm heritage (façade) low-rise building, and a 19,000 sqm, 14-storey newly built component. Both sections were delivered to a high standard and comply with class-A office specifications and modern ESG requirements. The anchor tenant of the office complex is Budimex Group, one of the largest construction companies in Poland. 

From the buyer’s side, Kristof Barany commented: "The completion of our eighth investment is another milestone of Adventum’s expansion in Poland. Wola Retro has excellent fundamentals and we firmly believe that combined with our ESG strategy, focused on further enhancing its energy efficiency, we will add significant value to the property. Adventum Group has now 175.000+ sqm of assets under management in Poland."

Adventum was supported by act BSWW legal & tax on legal, CBRE Poland on commercial and ESG, MDDP on tax structuring and Avison Young on technical areas.