Investika Real Estate Fund, in partnership with BUD Holdings SA, has made a strategic move into Poland’s commercial real estate market by acquiring the Piastów Office Center in Szczecin. The deal, finalized on February 18, 2025, marks Investika’s first office property investment in Poland this year. The seller was global asset management giant Blackstone Inc.
Prime Location & Property Details
Located near Szczecin’s city center, the Piastów Office Center consists of three A-class office buildings with a total of 21,000 square meters of premium commercial space. The complex is home to a diverse range of tenants, including IT and telecommunications companies, as well as business process outsourcing firms.
On-Site Amenities:
✔ Canteen
✔ Banking & insurance services
✔ Medical facilities
✔ Gym
Strategic Expansion in Poland
This acquisition expands Investika Real Estate Fund’s Polish portfolio to 430,000 square meters. Petr Čížek, Chairman of the Board of Directors at Investika, emphasized the importance of this investment:
“Following a significant increase in our real estate portfolio in December 2024, we continue to grow and strengthen our position in the largest and most robust market in CEE. We have already successfully set foot in the TriCity and now have spread our presence to Szczecin. These regional markets are booming and attracting companies from the IT/TELCO, maritime, logistics, and banking sectors.”
Szczecin is known for its low vacancy rates and stable rental growth, making it one of Poland’s most resilient office real estate markets. The modern architecture and high-quality materials of the Piastów Office Center further enhance its long-term investment value.
Financial Impact & Investor Outlook
While the financial details of the transaction remain undisclosed, the stable rental income from Piastów Office Center is expected to contribute to Investika Real Estate Fund’s target return of 4–6% per annum for investors.
Advisors & Legal Support
The transaction was facilitated by leading advisory firms:
- Investika Real Estate Fund & BUD Holdings: Advised by LegalKraft and Savills
- Blackstone Inc.: Represented by Cushman & Wakefield and Greenberg Traurig
Key Takeaway
This acquisition reinforces Poland’s growing appeal to international investors, particularly in high-potential regional cities like Szczecin. With strong economic fundamentals, low office vacancy rates, and steady rental growth, the Polish office market remains a key focus for expansion.
