Summus Capital has acquired The Park Kraków office complex for €48 million, strengthening its Polish office portfolio. The newly developed complex in Kraków's Podgórze district consists of two office buildings with 24,702 sqm of leasable space.
The property is fully leased to tenants including OTCF S.A. (owner of Polish sportswear brand 4F), AMS, Tauron Obsługa Klienta, and Warta insurance. The weighted average unexpired lease term stands at slightly over six years.
"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. "We continue our strategy of acquiring assets with tenants in well-connected locations close to central business districts."
The acquisition increases Poland's share in Summus Capital's portfolio from 38% to approximately 43%, with the group's total real estate portfolio reaching €630 million. Developed by White Star Real Estate and Cain, the complex has BREEAM certification and includes energy-efficient solutions such as rooftop solar panels and electric vehicle charging infrastructure.
"The sale marks an important milestone following the successful delivery and stabilisation of the first phase of the project," said Bartosz Prytuła, Managing Partner, Poland at White Star Real Estate. "We have created a high-quality office destination with a strong and diversified tenant base."
