A JV of Investika – a Czech retail investment fund, and Bud Holdings – a Luxembourg-based private equity company, became the new owner of the entire Face2Face Business Campus in Katowice. Echo Investment signed a sale agreement for the complex comprising two office buildings. The agreed price is about €110 million.
Katowice-based Face2Face Business Campus consists of two buildings encompassing 47,000 sqm of office space. The complex is leased in almost 100% to such tenants as Campgemini, Honeywell, DAZN, Orange, Medicover Polska, and CitySpace.
The campus is located along Chorzowska Street, the major traffic artery of Katowice agglomeration, in the middle of the office hub. The building enjoys direct proximity to numerous services and the city’s cultural life including shops, cafes, restaurants, hotels and medical centres. Key city destinations are available in a short walking distance.
“Face2Face Business Campus is a destination designed in a sustainable way that draws on experience from many years of our activity in the process of co-creating cities. It is an excellent investment product with a guarantee of stable income for a long-term investor. The complex became a new Katowice landmark because of its location, unique architecture and well-designed, comfortable workspace. Now we obtained another great partner who can continue developing Face2Face’s community,” says Małgorzata Turek, Echo Investment’s Management Board Member.
“We would like to thank Investika and Bud Holdings for their trust in Echo Investment and for choosing top-quality Face2Face Business Campus buildings with high environmental standards. This is our fourth office project sold this year and clear proof of the potential lying in Polish regional cities,” says Rafał Mazurczak, Echo Investment’s Management Board Member.
“Face2Face Business Campus is Investika´s largest investment in Poland to date. We appreciate the outstanding quality and sustainability of the campus, supported by ongoing dynamics of the Polish economy within Poland’s second largest metropolitan area by population,” says Václav Kovář, Investika real estate fund´s portfolio manager.
Colliers, Linklaters and Baker McKenzie advised the seller, while Cushman & Wakefield, Dentons and Crido acted as the buyer´s advisors on the deal.
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