BUD Holdings SA. acting jointly with its JV partner INVESTIKA Real Estate Fund, open ended mutual fund, Czech and Slovak largest non-bank open ended mutual real estate fund for retail investors, has acquired A-class office building Piastów Office Center in Szczecin from the funds managed by Blackstone.
The Piastów Office Center located near the very heart of City of Szczecin consists of 3 office buildings totalling 21,000 sqm of A-class commercial premises. The complex has been leased to modern IT/TELCO companies and business processing administrations. Besides offices there is an established retail component such as canteen, bank and insurance outlets, medical facilities and gym.
“We have been seeking an acquisition in Szczecin for a long time and we are pleased that we have managed to acquire this attractive office complex, as it is one of the best and most promising office buildings in the area, and we have no doubt about its future growth,” comments Paolo Panico, Director of BUD Holdings SA.
„Following significant increase in our real estate portfolio in December 2024, we continue to grow and to strengthen our position on the largest and the most robust market in CEE. We have already successfully set our foot in the TriCity and now have spread our presence to Szczecin. These regional markets are booming and attracting the companies from businesses such as IT/TELCO, maritime, logistics and banking. The stable rental income from this property will help achieve INVESTIKA Real Estate Fund´s target return of 4 – 6 % p.a. for its investors,“ says Petr Čížek, Chairman of the Board of Directors of INVESTIKA investment company which manages INVESTIKA Real Estate Fund, open ended mutual fund.
“Purchase of Piastów Office Center, being the first office property investment transaction in Poland in 2025, gives INVESTIKA Real Estate Fund a strong starting position into the year. Szczecin is considered as one of the most stable office real estate markets in Poland, with long-term low vacancy rate and stable rental development. The unique architecture of the project and highest quality of used materials guarantee the longevity of the project, which combined with our long-term active asset & property management strategy in place makes us convinced about asset´s increase in value in the long run,“ says Rafał Proczek, Director of INVESTIKA Polska Services, that is cooperating with INVESTIKA investment company in management of the Polish part of INVESTIKA Real Estate Fund´s portfolio.
INVESTIKA Real Estate Fund and BUD Holdings were advised by LegalKraft and Savills in Poland. The Seller was advised by Cushman Wakefield and Greenberg Traurig.
About INVESTIKA (the Buyer on behalf of INVESTIKA Real Estate Fund)
INVESTIKA is Czech investment company licensed by the Czech National Bank for managing and administering investment funds. Established in 2015, as of 31 January 2025, INVESTIKA managed over CZK 27 billion in assets of managed investment funds with nearly 100,000 investors across all its managed funds.
INVESTIKA’s flagship fund, INVESTIKA Real Estate Fund, is the largest non-bank real estate fund for retail investors in the Czech Republic and Slovakia, managing over CZK 21 billion. The fund targets at 4-6% annual return, thanks to highly diversified portfolio spanning across property types, tenant sectors, and countries, including the Czech Republic, Poland, Croatia and Spain. www.investika.cz
BUD Holdings is a private equity 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 as a co-investor participated in real estate transactions amounting to more than 500 million EUR. www.bud-holdings.com