REINO Dywidenda FIZ, a closed-end investment fund, made its debut on the Polish property market this month with the acquisition of the first phase of Skanska’s Kapelanka 42 office complex in Kraków. The fund is being managed by REINO Partners. The value of the deal was not disclosed.
“Buildings that generate stable income are a natural alternative for deposits, and when interest rates remain low, they should be a first choice for investors retrieving cash from deposits and treasury bonds. At the same time, the best buildings, with a minimal risk level, are unavailable for single investors. Funds such as REINO Dywidenda FIZ serve as a solution. Due to its location, basic parameters and the developer’s reputation, Skanska’s office building in Kraków was a good choice for the first investment target,” said Radosław Świątkowski, president of REINO Partners’ management board.
Kapelanka 42 offers more than 30,000 sqm of class A office space in two buildings, which were completed in Q2 and Q3. Their official opening is scheduled for this month. The building that was sold offers 11,700 sqm of space and is almost fully leased. Tenants include Tesco, Apriso and Sygnity.
