A JV of Investika – a Czech retail investment fund, and Bud Holdings – a Luxembourg-based private equity company, became the new owners of the entire Face2Face Business Campus in Katowice. Echo Investment signed a sale agreement for the modern complex comprising two office buildings with a unique green patio that represents the highest sustainability standards. The deal exceeding €100 million confirms the potential of commercial real estate in the Polish regional markets.
Katowice-based Face2Face Business Campus consists of two buildings encompassing 47,000 sqm of modern office space. The complex is leased almost 100 percent 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 numerous services and the city’s cultural life including shops, cafes, restaurants, hotels, and medical centers. Key city destinations are available within a short walking distance.
“Face2Face 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 well-designed, comfortable workspace. Now we obtained another great partner who can continue developing Face2Face’s community,” says Małgorzata Turek, Echo Investment’s 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 – which make Face2Face a friendly workplace that enhances creativity.
“We 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 clear proof of the potential lying in Polish regional cities,” says Rafał Mazurczak, Echo Investment’s Management Board Member.
Echo Investment, in cooperation with architects from Grupa 5 Architekci, paid special attention to workplace 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 – 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 an Excellent level.
“Face2Face Business Campus is INVESTIKA´s largest investment in Poland to date. We appreciate the outstanding quality and sustainability of the campus, supported by ongoing dynamics of the Polish economy within Poland’s second largest metropolitan area by population,” says Václav Kovář, INVESTIKA real estate fund´s portfolio manager.
Colliers, Linklaters, and Baker McKenzie advised the seller, while Cushman & Wakefield, Dentons, and Crido acted as the buyer´s advisors on the deal.
Savills Investment Management (Savills IM), the international real estate investment manager, transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion...