News Article Bud Holding Gdynia Investika investment office Poland TriCity
by Property Forum | Investment

Łużycka Office Park (buildings A, B, C and D) and Łużycka Plus, all located in Gdynia, have a new owner - a joint venture of Czech open-ended real estate fund Investika and Luxembourg-based private equity investor Bud Holdings. The price has not been disclosed. 

All purchased buildings represent the “A” class, with a total GLA of 27,200 sqm. They are located at the Pomeranian Metropolitan Railway (PKM) stop and in the vicinity of two fast city rail stops (SKM), in close proximity to the main communication artery of Gdynia, Sopot and Gdańsk. To the international airport access by car or PKM takes about 20 minutes only. Łużycka Office Park obtained two certificates: BREEAM and "Object without Barriers". 

“This project was our flagship for years. One of the first “brownfield” investments exchanging a secondary part of the city to the vigorous new business centre. I believe the new owner will continue our success story and our tenants will stay in good hands,” says Sergiusz Gniadecki from SGPM Sp. z o.o. , the asset & property management company responsible for this project.

“Łużycka Office Park and Łużycka Plus offered an interesting investment opportunity how to strengthen our portfolio by adding quality office buildings with a long WAULT at one of the most attractive locations in Poland. Moreover, we know the location very well since we bought the office complex Tensor next to Łużycka Office Park this year. We plan to manage both complexes as one in the future and expand the synergies and common amenities for our tenants,” says Václav Kovář, the portfolio manager of the Investika real estate fund.

“The transaction demonstrates the resilience of the regional office investments market in Poland and proves again that institutional-quality office assets with high-quality office tenants and impeccable retention record will continue to generate traction among key institutional investors,” says Piotr Mirowski, Senior Partner and Board Member at Colliers, responsible for bringing the deal to successful completion.