Partners Group will acquire the Polish office portfolio for circa €200m. The portfolio is comprised of 11 class-A office properties (including two under construction) located in Krakow and Wrocław. The leasable area (GLA) of the standing assets is approx. 100 000m², while those under construction amount to approx. 25 000m² GLA.
“The acquisition of the BUMA portfolio is aligned with our strategy of acquiring cash-flowing assets, let to good-quality tenants in geographies with strong economic fundamentals. We look forward to implementing our value creation strategy across the portfolio with our local operating partner REINO Capital and in close cooperation with existing as well as prospective tenants. We have conviction towards the Polish residential, office and logistics markets and we plan to further build-up our presence in this region, targeting cash-flowing portfolios with short to medium term value-add potential,” said Marco Denari, Member of Management, Private Real Estate Europe, Partners Group.
"Many years of experience and strong local competences make us a first-choice partner for global investors who want to invest capital in Polish real estate. We are pleased that Partners Group's funds will entrust us with the joint asset management of this Polish portfolio post-closing, worth over €200m," said Radosław Swiatkowski, CEO of REINO Capital said.