Katowice Business Point sold by Starwood

Adventum acquired office building Katowice Business Point from Starwood Capital. The seller was represented by Avison Young investment team.

Adventum International, a Malta based boutique investment fund manager, has acquired the 17.500 sqm office building Katowice Business Point in the administrative capital of the Silesia voivodeship. The seller, Starwood Capital, was represented by Avison Young investment team.

Katowice Business Point (KBP) was developed in 2010 by Ghelamco as their flagship project in Katowice. The property is situated along Chorzowska at the most dynamically developing part of the city, next door to Silesia City Center. Apart from its central location, advantages of KBP include an easy access by freeway, excellent transport means in the immediate neighborhood, and to the airports in Pyrzowice and Krakow-Balice as well, making it an ideal place for business. The 11 storey, modern office building with its class A status is characterized by a simple and bright floorplan, high quality standards and possesses a BREEAM ‘Very good’ green certification. The property is headquartered by Tauron Polska Energia SA, the largest energy distributor in Poland.

The transaction is yet another milestone for Adventum: being the fourth investment in CEE under its Adventum QUARTUM real estate fund and executed within seven months.

Andras Marton, director at Adventum International commented:

“The acquisition is a confirmation of Adventum International’s transaction know-how in handling complex structures such as KBP, where a cross collateralised SPV was acquired from a real estate portfolio with new acquisition financing. As a Mid-Cap fund manager we continue to seek core + and value-add opportunities in Poland, Hungary, Czechia and Romania and plan to undertake further two transactions in 2020 with Adventum QUARTUM.”

Katowice Business Point (KBP) was developed in 2010 by Ghelamco as their flagship project in Katowice. The property is situated along Chorzowska at the most dynamically developing part of the city, next door to Silesia City Center. Apart from its central location, advantages of KBP include an easy access by freeway, excellent transport means in the immediate neighborhood, and to the airports in Pyrzowice and Krakow-Balice as well, making it an ideal place for business. The 11 storey, modern office building with its class A status is characterized by a simple and bright floorplan, high quality standards and possesses a BREEAM ‘Very good’ green certification. The property is headquartered by Tauron Polska Energia SA, the largest energy distributor in Poland.

The transaction is yet another milestone for Adventum: being the fourth investment in CEE under its Adventum QUARTUM real estate fund and executed within seven months.

Andras Marton, director at Adventum International commented:

“The acquisition is a confirmation of Adventum International’s transaction know-how in handling complex structures such as KBP, where a cross collateralised SPV was acquired from a real estate portfolio with new acquisition financing. As a Mid-Cap fund manager we continue to seek core + and value-add opportunities in Poland, Hungary, Czechia and Romania and plan to undertake further two transactions in 2020 with Adventum QUARTUM.”