BUD Holdings SA has in cooperation with its joint-venture Partner – INVESTIKA realitní fond, Czech and Slovak largest non-bank open ended mutual real estate fund bought prime office building in Warsaw called P180 for more than 100 milion EUR from Skanska Commercial Development Europe. The asset, built in 2022, is benefitting from the best location in Mokotów Office Hub just 180 steps from the Wilanowska metro station in the Warsaw´s sought-after business district. The 15-floor building offers 32,000 sqm of premium office and retail premises and is now almost fully leased to reputable tenants including Arena Advisory, Ayvens, Maersk, The Stepstone Group, Lingaro Group, Netcompany and others. The asset is ESG compliant meeting demanding criteria of international certification for sustainability (LEED Platinum) and indoor environment quality (WELL Gold Core & Shell, WELL Health & Safety). During the transaction the joint-venture of INVESTIKA realitní fond and BUD Holdings SA was supported by consultants from Linklaters, JLL, Savills and CRIDO.
“Acquisition of P180 office building is one of our three transactions in Poland this year. We highly value professional cooperation with Skanska on seller´s side and also with our joint-venture partner, INVESTIKA investment company. P180 is without doubt one of the best assets available on the Warsaw property market recently,” comments Paolo Panico, Director of BUD Holdings SA.
„For our investors we acquired the premium and top sustainable office asset in Warsaw´s sought-after business district. The property is almost fully leased to reputable tenants and we are working on the leasing of the remaining premises. The P180´s stable rental income is going to contribute to the fund´s long-term target investment return between 4% and 6% per annum for our investors,“ adds Jaroslav Kysela, member of the Board of Directors at INVESTIKA investment company that manages INVESTIKA realitní fond.
“The sale of P180 demonstrates that the Warsaw office real estate market continues to attract selective investors. This building, distinguished not only by its prime location near the Wilanowska metro station but also by its top-tier sustainability certifications and standards, appeals to those seeking long-term value and stability. We are delighted to have partnered with experienced entities like INVESTIKA realitní fond and BUD Holdings SA in this transaction and are confident that P180 will continue to meet the expectations of both its tenants and new owners,” says Mariusz Krzak, Executive Vice President Operations Poland and Czech Republic at Skanska Commercial Development Europe.
„Having been completed in 2022, P180 office building has been providing top office workplace to blue-chip international tenants. As to ESG, P180 has become our most sustainable asset meeting the highest scores of international certifications LEED Platinum, WELL Gold Core & Shell and WELL Health & Safety, which is reflected by building’s hight energy efficiency of the building and lower cost for the tenants. With our long-term active asset & property management strategy in place, we are convinced about asset´s long term increase in value,“ says Rafal Proczek, Director of INVESTIKA Polska Services, that is responsible for management of Polish part of INVESTIKA realitní fond´s portfolio.
P180 Sustainable Aspects
P180 is an office building that supports its owner as well as its tenants achieve sustainable development goals and reduce greenhouse gas emissions. According to data collected as part of LEED certification, P180 consumes as much as 47.9% less energy per year, saves 3.9 million liters of water, and emits 3,969 tons less carbon dioxide than a reference building. P180 was the first building in this part of Europe to be constructed using low-carbon concrete. There is a sidewalk outside the building that neutralizes the level of pollutants in the city air.
Inside there are solutions such as a digital lighting interface and an advanced building management system that adapts the operation of the installation to current needs and identifies unnecessary energy consumption. Additionally, through the “green leaf” function, employees receive a device responsible for the room temperature and light intensity. It provides information about the impact of the settings on the energy used – the leaf icon lights up green in energy saving mode and red when consumption is too high.
The building’s reduced environmental impact is also due to its location, which encourages the use of sustainable transport. Perfectly located next to the Wilanowska metro station as well as on the crossroads of multiple bus and tram lines, P180 is surrounded by a green area with landscaping designed by Skanska. Amenities for cyclists include a glassed-in bicycle area with access from the street, seamlessly integrated into the lobby, a repair station, changing rooms and showers. The building also provides parking and charging facilities for electric cars.
PLGBC Green Building Awards 2024
P180 received recognition for achieving the lowest carbon footprint. The asset meets the standards of the most demanding certifications: LEED Platinum, WELL Gold Core & Shell, WELL Health-Safety Rating, and Building without Barriers.
ABOUT INVESTIKA (The Buyer)
INVESTIKA is Czech investment company licensed by the Czech National Bank for management and administration of investment funds providing investment services. It was established in 2015 and as at 31 October 2024 it managed over 27 billion CZK. As of the same date, the number of investors in all five INVESTIKA funds reached 98 thousands.
INVESTIKA’s flagship is the real estate fund called INVESTIKA realitní fond, which, with 20 billion CZK investment capital under management, is the largest non-bank real estate fund for small investors in the Czech Republic and Slovakia. The fund targets a stable return of 4%-6% per annum which is being achieved thanks to the strong diversification of its real estate portfolio in terms of building type, the sectors in which their tenants operate and the countries where the real estate assets are located. INVESTIKA realitní fond owns properties in the Czech Republic, Poland, Croatia and Spain. www.investika.cz
ABOUT BUD HOLDINGS (The Buyer)
BUD Holdings SA is a private commercial company based in Luxembourg, which deals with private equity investments mainly in real estate assets. It focuses its attention on the preparation and realisation of investments in Central and Eastern Europe, usually in cooperation with a strong majority shareholder. During the last 3 years, BUD Holdings SA as a co-investor participated in real estate transactions amounting to more than 250 million EUR. www.bud-holdings.com
ABOUT SKANSKA COMMERCIAL DEVELOPMENT EUROPE (The Seller)
Skanska commercial development business unit is a leading office and living sector developer in the CEE operating in four countries: Poland, Hungary, Romania and the Czech Republic. We use knowledge & foresight to shape the way people live, work, and connect. Together with our customers, partners and the collective expertise of our teammates, we create future-focused and sustainable places and solutions that support healthy living beyond our lifetime. Our projects are certified in the LEED, WELL Core & Shell, and WELL Health-Safety Rating systems. www.skanska.pl