Adventum Investment Fund Management has completed the first close of its latest Fund, Fund V (Penta) in August 2021. The investor acquired the Marynarska Point I office building in Warsaw from Savills Investment Management.
As of today, in excess of €130 million has been raised and onboarded, overwhelmingly from blue-chip institutional investors with subsequent closes to follow shortly. Besides the strong investor base from Hungary, Adventum has managed to attract institutional capital from Western Europe based on Adventum’s strong track record, exceptional pipeline and ESG compliant green fund offering. Fund V predominantly targets high yielding core plus office buildings in economic hubs of the core CEE region.
The first acquisition of the Fund is the 13,000 sqm Marynarska Point – a modern and contemporary, 11-floor Class A office building, developed in 2008 by Skanska, is located within Warsaw’s Mokotow district, the largest non-central business zone in the Polish capital.
From the buyer’s side, Kristóf Bárány commented:” The acquisition of the BREEAM Excellent In-Use certified Marynarska Point proves that within the last 2 years, Adventum Group has significantly increased its footprint in the CEE region. The completion of our second investment, a 21,000 sqm office building with a 13-year WAULT fully let to a blue-chip client, in the Polish capital is imminent. With two further investments under exclusivity, Adventum is on track to deploy all raised capital until the end of 2022. Fund V’s target is to raise equity commitments in excess of €200 million with a cap of €300 million.”
