ARTICLES LABELLED WITH TAG Penta Investments

Penta Real Estate has sold the D48 office building in Warsaw’s Służewiec district to fellow Slovak company IAD Investments for an undisclosed sum.

Penta Real Estate has sold the Business Centrum Tesla 2 office building project in Košice to Austrian company European City Estates. BCT 2 provides 14,600 square meters of office space. The largest tenants are T-Systems Slovakia, Deloitte, Diebold-Nixdorf and Colonnade. On the seller side, the transaction was advised by JLL. The purchase price was not disclosed upon agreement between the parties.

Penta Real Estate has sold the 80,000 sqm office component of the Waltrovka complex in Jinonice, Prague 5 to Munich-based real estate fund manager GLL Real Estate Partners (GLL), a member of Macquarie Group, acting together with LB Asset Management on behalf of South Korean investor Hanwha Investment & Securities in a transaction worth over €250 million.

Penta Investments has obtained financing for the D48 office building, which is under construction in Warsaw’s Służewiec district. The project should be completed in August with the building expected to be put into operation in early October. It will have a GLA of over 26,000 sqm.

Penta Investments has sold its Florentinum office building, the company’s first development completed in the Czech Republic, to Chinese investment group CEFC. Florentinum, a LEED Platinum certified property opened in 2014 and is home to 70 long-term tenants, many of them blue chip companies such as EY, HSBC Bank, Bank of China, Havel Holásek & Partners Law Firm and RSJ Investment Group. The value of the transaction has not been disclosed.