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Silesia Business Park Buildings C&D, Katowice

CATEGORY
Investment Deal of the Year, CEE
Silesia Business Park C and D are two Grade A modern, technically, operationally and legally separate office buildings situated in a developing and widely sought-after business area of Katowice. The business complex is a well-known landmark in Katowice and is in close proximity to the city center, retail facilities and residential estates. Established transport networks make it easier for employees to access the complex through various alternative modes of transportation, such as buses, trams and bikes. Silesia Business Park C was completed in Q4 2016, while Silesia Business Park D was completed in Q3 2018. Each building consists of 12 storeys above ground. The total area size of the combined C and D buildings is 24,558 sq.m., about 1,844 sq.m. of which consist of retail space on the ground floor. The buildings have been designed to guarantee space flexibility and to meet the most rigorous quality and safety building standards, including raised floors, suspended ceilings, modern air conditioning, telecommunication systems and Building Management System (BMS). The buildings are both LEED Gold certified. The façade is a mixed set of horizontal black, white and gold panels, set against clear vision glass. The combination of materials with different shades and colors give off the impression of modern architecture in the form of a Tiramisu layered cake. The area outside the properties was designed with care and in consideration of users of these assets, thus, the green areas, leisure banks and city bike stations, as well as outdoor gym/fitness facilities.
Name of the deal
Silesia Business Park Buildings C&D, Katowice
The date of closing the deal
December 21, 2018
Value of the transaction (in EUR)
59,000,000
Yield
Seller, plus brief information about the company
Skanska is one of the world’s leading project development and construction group, established in Sweden in 1887 and presently active in 10 countries and 21 core markets covering the CEE, Nordics, United Kingdom and United States. The company has developed over 3,000,000 sq.m. worldwide. Combining its expertise and financial strength, Skanska develops offices, homes and public-private partnership projects. Skanska’s first projects completed in Poland were in Warsaw, but currently, the company has also been active in regional cities, where business services sectors are seen growing: Wrocław, Poznań, Łódź, Katowice, Kraków and Gdańsk. Skanska aims to provide innovative and sustainable solutions to create a sustainable future for its people, customers and communities.
Consultancy which advised Seller
Colliers International and Dentons
Purchaser, plus brief information about the company
Represented in the CEE by Krakow-based Augusta Cracovia, ISOC Group is a Philippine-based, diversified developer with various interests in cold chain logistics, infrastructure and property sectors. The company recently opened its state-of-the-art cold storage facilities, under the brand ORCA Cold Chain Logistics.Through ISOC Infrastructure, the Group was also the first to offer to build 25,000 common telecommunication tower all over the country in support of the Government’s aim of providing better, more reliable and faster telecommunications services.
Consultancy which advised Purchaser
Augusta Cracovia, CBRE and Hogan Lovells
Financing institution
Banco Santander, S.A.
Current occupancy level
Building C: 98%; Building D: 73%
Please say why this deal should be considered for the award
The Silesia Business Park Buildings C & D – the first of Philippine-based ISOC Group’s three office property investments, paved the way for the Group’s entry and investment in the Polish property market. Despite its proximity from its headquarters in the Philippines, ISOC Group completed due diligence and made a business decision to enter the Polish property by acquiring the Silesia which has a combined area size of 24,558 square-meter. ISOC Group closed the deal in 3.5 months after observing the Polish property sector to have similar market conditions with that of the Philippines. Thus, the nomination affirms and recognizes the Group’s ability to close a deal within a short period of time despite being continents away.