A JV of Investika, Czech retail investment fund, and Bud Holdings, a Luxembourg based private equity company, became new owner of the entire Face2Face Business Campus in Katowice. Echo Investment signed a sale agreement of a modern complex comprising of two office buildings with a unique green patio that represents highest sustainability standards. The value of the transaction was âŹ112,991,391 plus VAT. After deducting, among other things, the amount of the value of rent-free periods and other costs, the price payable at closing was 111,722,633 euros plus VAT.
Katowice-based Face2Face Business Campus consists of two buildings encompassing 47,000 sqm of modern office space. The complex is leased in almost 100% to such reputable tenants as Campgemini, Honeywell, DAZN, Orange, Medicover Polska, and CitySpace. In addition to high quality architecture and best-in-class workspace solutions in place, Face2Face Business Campus offers a unique recreation space in the heart of the city.
The campus is prominently located along Chorzowska Street, the major traffic artery of Katowice agglomeration, in the middle of the office hub. The building enjoys direct proximity to nuÂŹmerous services and the cityâs cultural life including shops, cafes, restaurants, hotels, medical centers. Key city destinations are available in a short walking distance.
âFace2Face Business Campus is a destination designed in a sustainable way that draws on experience from many years of our activity in the process of co-creating cities. It is an excellent investment product with a guarantee of stable income for a long-term investor. The complex became a new Katowice landmark because of its location, unique architecture and a well-designed, comfortable workspace. Now we obtained another great partner who can continue developing Face2Faceâs community,â says MaĹgorzata Turek, Echo Investmentâs Management Board Member.
The complex stands out thanks to its unusual patio. The green common zones feature an outdoor basketball court, a chillout zone with deckchairs and benches, as well as flower meadows â which make Face2Face a friendly workplace that enhance creativity.
âWe would like to thank Investika and Bud Holdings for their trust in Echo Investment and for choosing top quality Face2Face Business Campus buildings with high environmental standards. This is our fourth office project sold this year and a clear proof of the potential lying in Polish regional cities,â says RafaĹ Mazurczak, Echo Investmentâs Management Board Member.
Echo Investment, in cooperation with architects from Grupa 5 Architekci, paid special attention to work ergonomics, ecological technological solutions, reasonable water and energy management, as well as waste management monitoring. To encourage tenants to use eco-friendly means of transportation the complex is equipped with electric car charging stations and parking spaces for bicycles. Employees who get to work by bicycle can use cabinets and showers. Common spaces â a large green patio and relaxation areas are full of different forms of greenery, allowing birds and insects to settle there. The buildings obtained the BREEAM Final certificate on Excellent level.
âFace2Face Business Campus is the INVESTIKA´s largest investment in Poland to date. We appreciate outstanding quality and sustainability of the campus, supported by ongoing dynamics of the Polish economy within the Polandâs second largest metropolitan area by population,â says VĂĄclav KovĂĄĹ, INVESTIKA real estate fund´s portfolio manager.
Source: Echo Investment and ISBnews
