Penta Real Estate closes three sales to date in 2020

06
May
2020
News - Penta Real Estate closes three sales to date in 2020 #Bratislava #investment #Kosice #office #Penta Investments #Poland #Slovakia #Warsaw

by Property Forum | Report

Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.


The Rosum office project was sold for €60 million by Penta Real Estate to the Austrian company European City Estates at the beginning of this year. In April, the company sold the office building BCT1 to Occam Real Estate. Under an agreement between both parties, a transaction sum has not been disclosed. The third successful acquisition is the D48 office building in Warsaw in Poland. Penta Real Estate sold the premises to a Slovak entity – Prvý realitný fond (PFR) covered by IAD Investments’ portfolio. Like in the case of BCT1 deal, a transaction sum has not been disclosed as well.

“We are pleased that agreements have been concluded with the new owners despite the current crisis situation brought about by COVID-19 pandemic,“ said Tomáš Laštovka, Group CEO of Penta Real Estate.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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