Octava buys Arka fund for PLN 97.2m

22 May 2014

Octava, a fund listed on Warsaw’s stock exchange, is taking over the Arka BZ WBK closed-ended fund for a reported PLN 97.2m, the daily Puls Biznesu reports. In addition to the 10-year real estate fund, Octava is also adding six medium-sized properties to its portfolio. These projects include FDS Plaza and Light House in Warsaw, Alfa Plaza in Gdynia, Winogrady Business Center in Poznań, Red Tower in Łódź and Quattro Forum in Wrocław. The fund has paid out dividends on two occasions.