The Investika Real Estate Fund has expanded its presence in Poland with the acquisition of Piastów Office Center in Szczecin. The fund, in partnership with BUD Holdings SA, purchased the A-class office complex from funds managed by Blackstone, marking its first office property investment in Poland this year. The price of the asset has not been revealed.
Located near Szczecin’s city centre, Piastów Office Center consists of three office buildings totalling 21,000 sqm of commercial space. The complex is home to modern IT, telecommunications, and business processing companies, with additional amenities such as a canteen, banking and insurance offices, medical facilities, and a gym. This latest acquisition brings Investika Real Estate Fund’s total portfolio in Poland to 430,000 sqm.
“Following a significant increase in our real estate portfolio in December 2024, we continue to grow and strengthen our position on the largest and the most robust market in CEE. We have already successfully set foot in the TriCity and now have spread our presence to Szczecin. These regional markets are booming and attracting companies from the IT/TELCO, maritime, logistics and banking sectors. The stable rental income from this property will help achieve Investika Real Estate Fund´s target return of 4-6 per cent p.a. for its investors“, says Petr Čížek, Chairman of the Board of Directors of Investika investment company which manages Investika Real Estate Fund, open-ended mutual fund.
“We have been seeking an acquisition in Szczecin for a long time and we are pleased that we have managed to acquire this attractive office complex, as it is one of the best and most promising office buildings in the area, and we have no doubt about its future growth”, added Paolo Panico, Director of BUD Holdings SA.
“Purchase of Piastów Office Center, being the first office property investment transaction in Poland in 2025, gives Investika Real Estate Fund a strong starting position into the year. Szczecin is considered one of the most stable office real estate markets in Poland, with a long-term low vacancy rate and stable rental development. The unique architecture of the project and the highest quality of used materials guarantee the longevity of the project, which combined with our long-term active asset and property management strategy in place makes us convinced about the asset´s increase in value in the long run,“ says Rafał Proczek, Director of Investika Polska Services, that is cooperating with Investika investment company in management of the Polish part of Investika Real Estate Fund´s portfolio.
Investika Real Estate Fund and BUD Holdings were advised by LegalKraft and Savills in Poland. The Seller was advised by Cushman Wakefield and Greenberg Traurig.
