Summus Capital has acquired The Park Krakow office complex for €48 million, further expanding its presence in the Polish office market. The transaction adds a fully leased asset with a diversified tenant base and strengthens the investor’s portfolio with occupiers focused primarily on the local market.T
The Park Krakow comprises two recently completed office buildings offering a total gross leasable area of 24,702 sqm. Developed by White Star Real Estate, the complex is fully leased to tenants including 4F (OTCF S.A.), AMS Tauron Polska Energia S.A. and Warta, with a weighted average unexpired lease term of just over six years.
The office complex holds a BREEAM Excellent certification and incorporates a range of sustainability features, including rooftop solar panels and electric vehicle charging stations.
Penteris advised Summus Capital on the acquisition, while Clyde & Co represented the seller. Financing for the transaction was provided by Erste Group with legal support from Schoenherr Attorneys at Law Warsaw.
“This transaction significantly strengthens our Polish office portfolio, adding tenants with a strong focus on the local Polish market,” said Hannes Pihl, Head of Investments and Member of the Management Board of Summus Capital.
Agnieszka Pytlas, Managing Partner at Penteris, added that the acquisition demonstrates the continued attractiveness of the Polish office market and supports Summus Capital’s strategy of building a high-quality portfolio in the country.
