BPH Portfolio

Octava FIZAN has finalised the acquisition of 11 properties through the purchase of 30 entities owned by the BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation.
The transaction was finalised after the fulfilment of various conditions precedent and after obtaining the approval from the Office of Competition and Consumer Protection.
The property portfolio totalling 140,000 sq m consists of 11 office and retail buildings, including Centrum Krakowska 61, Renaissance Tower, Eureka Park complex, Viking House, Rodan, Onyx office building in Cracow, Media Markt in Chorzów and Carrefour in Bolesławiec. After the transaction Octava FIZAN holds 19 commercial real estate assets totalling 210,000 sq m of gross leasable area.
Name of the deal BPH Portfolio
Information about the transaction project/projects/portfolio Octava FIZAN has finalised the acquisition of 11 properties through the purchase of 30 entities owned by the BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation.
The transaction was finalised after the fulfilment of various conditions precedent and after obtaining the approval from the Office of Competition and Consumer Protection.
The property portfolio totalling 140,000 sq m consists of 11 office and retail buildings, including Centrum Krakowska 61, Renaissance Tower, Eureka Park complex, Viking House, Rodan, Onyx office building in Cracow, Media Markt in Chorzów and Carrefour in Bolesławiec. After the transaction Octava FIZAN holds 19 commercial real estate assets totalling 210,000 sq m of gross leasable area.
The date of closing the deal 29 June 2017
Value of the transaction (in EUR) Over EUR 150 million
Yield Confidential
Seller, plus brief information about the company BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation
Consultancy which advised Seller JLL and Weil, Gotshal and Manges
Purchaser, plus brief information about the company Octava FIZAN, a non-public, closed-end investment fund, is a part of the capital group controlled by Elliott Group and Octava S.A. The buyer was advised by Savills, Magnusson and Dubiński Fabrycki Jeleński.
Consultancy which advised Purchaser Savills, Magnusson (legal advisor), Dubiński Fabrycki Jeleński (legal advisor)
Financing institution AAreal Bank, Bank Zachodni, Alior Bank, Westdeutsche ImmobilienBank,
Current occupancy level n/a
Please say why this deal should be considered for the award One of the most complicated transactions on the Polish market that took over 18 months. Transaction included 11 properties diversified in terms of size (range from 2,000 to 80,000 sqm), use (office and retail), location (Warsaw, Kraków, Bolesławiec and Chorzów) as well as profile (standing asset, development potential).
Name of the deal
BPH Portfolio
Information about the transaction project/projects/portfolio
Octava FIZAN has finalised the acquisition of 11 properties through the purchase of 30 entities owned by the BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation.
The transaction was finalised after the fulfilment of various conditions precedent and after obtaining the approval from the Office of Competition and Consumer Protection.
The property portfolio totalling 140,000 sq m consists of 11 office and retail buildings, including Centrum Krakowska 61, Renaissance Tower, Eureka Park complex, Viking House, Rodan, Onyx office building in Cracow, Media Markt in Chorzów and Carrefour in Bolesławiec. After the transaction Octava FIZAN holds 19 commercial real estate assets totalling 210,000 sq m of gross leasable area.
The date of closing the deal
29 June 2017
Value of the transaction (in EUR)
Over EUR 150 million
Yield
Confidential
Seller, plus brief information about the company
BPH FIZ Sektora Nieruchomości in liquidation and BPH FIZ Sektora Nieruchomości 2 in liquidation
Consultancy which advised Seller
JLL and Weil, Gotshal and Manges
Purchaser, plus brief information about the company
Octava FIZAN, a non-public, closed-end investment fund, is a part of the capital group controlled by Elliott Group and Octava S.A. The buyer was advised by Savills, Magnusson and Dubiński Fabrycki Jeleński.
Consultancy which advised Purchaser
Savills, Magnusson (legal advisor), Dubiński Fabrycki Jeleński (legal advisor)
Financing institution
AAreal Bank, Bank Zachodni, Alior Bank, Westdeutsche ImmobilienBank,
Current occupancy level
n/a
Please say why this deal should be considered for the award
One of the most complicated transactions on the Polish market that took over 18 months. Transaction included 11 properties diversified in terms of size (range from 2,000 to 80,000 sqm), use (office and retail), location (Warsaw, Kraków, Bolesławiec and Chorzów) as well as profile (standing asset, development potential).

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