Wednesday, September 23, 2020
Home News Investment Market Dentons advises Tristan Capital Partners on the Enterprise Park acquisition in Kraków

Dentons advises Tristan Capital Partners on the Enterprise Park acquisition in Kraków

Dentons’ Real Estate team advised European Property Investors Special Opportunities 3 LP (EPISO 3) fund managed by Tristan Capital Partners on the acquisition of Enterprise Park and adjacent land in Kraków, a Polish regional city.

Enterprise Park is one of the largest office complexes in Kraków, developed by Prague-based Avestus Real Estate between 2012 and 2014. Four A-Class buildings were acquired, including three fully-let buildings with a combined GLA of 29,500 sqm and one currently under construction.

Two additional office buildings are planned to be built in the area. Upon completion, Enterprise Park will offer a total of more than 50,000 sqm of GLA. Avestus will act as local operating partner and development manager.
The Dentons team was led by Paweł Dębowski, Chairman of the European Real Estate Group.

Paweł Dębowski said: “Kraków is one of the key office markets in Poland and thus it attracts increasing interest of both international and Polish investors. They include, among others, Starwood Capital Partners, which in late 2014 increased its portfolio with the Quattro Business Park office complex and now Tristan Capital Partners. Domestic investors include funds like REINO Dywidenda FIZ, which also acquired Kapelanka 42 from Skanska Property Poland. Dentons has had the pleasure of observing this trend when advising clients on those projects.”

“Investor interest does not come as a surprise, having seen the constantly growing demand for high standard office space in Kraków. It is driven mainly by companies from the modern business services sector for which the city has become a key office location for their operations in Poland and Europe,” Dentons’ Maciej Ryniewicz added.

Most Popular

M7 acquires Katowice office building for new CEE fund

M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II, its value-add opportunities fund focused on offices and...

Metropol Group acquires five shopping centres in Poland

Greenberg Traurig advised Metropol Group on the acquisition of a shopping centre portfolio, consisting of five regional convenience stores is located in...

Weerts Group to start new warehouse development near Budapest

The logistics sector of Hungary is booming with foreign investors continuing to be optimistic about the market outlook. The latest evidence of...

Panattoni sells two city logistics parks in Warsaw to LaSalle

Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were...