INVESTIKA real estate fund, the largest non-bank retail real estate fund in the Czech Republic, has expanded its portfolio with the top administrative complex Tensor in the Polish city of Gdynia. He completed the transaction worth more than one billion crowns
Together with the Luxembourg private equity company BUD HOLDINGS SA. “Following the acquisition of the production and logistics complex near Wroclaw, Poland, we have now taken the opportunity to increase the weight of office real estate in our portfolio,” says portfolio manager INVESTMENT real estate fund Václav Kovář.
The Tensor complex, completed in 2017, is characterized by both architectural quality and an excellent location in the administrative and business district of Gdynia. Together with Gdańsk and Sopot, it forms the dynamically developing Tricity region, which according to surveys is currently the most popular place to live in Poland. At the same time, it is one of the five most attractive regions for investors in the promising Polish economy with extraordinary growth potential to the future.
A complex consisting of three separate buildings with a total leasable area of over 20,000 square meters have a BREEAM sustainability certificate Excellent and is now fully booked. The 15 tenants include stable international companies such as the Nordic financial group Nordea Bank and the logistics company DB Schenker. The weighted average length of lease agreements (WAULT), which reaches 6 years in this building, is also above standard.
It continues with the acquisition of the Tensor complex INVESTIKA real estate fund in fulfilling its vision to become a real estate fund with a wide range of assets throughout Europe and assets worth one billion euros under management. “Our fund capital is growing due to growing interest investors is growing rapidly – it now reaches more than 11 billion crowns. In addition to the Czech Republic, Poland and Western Europe are now in the pipeline of acquisitions in other regions, which have significant potential in terms of achieving a long-term attractive and stable return,” concludes Kovář.
