Wola Retro is located in the Wola District, in the Rondo Daszyńskiego Area, right on the fringe of City Centre West business district. The area is the most-developed and still dynamically growing prime commercial and residential city location.
The property is composed of two integrated sections, a 6,900 sq. metres, heritage (façade) low rise, and a 19,000 sq. metres, 14 storey newly built building. Both sections were delivered to high technical standard and comply with class A office specifications.
Name of the deal
Wola Retro
The date of closing the deal
27 April 2023
Value of the transaction (in EUR)
70000000
Yield
8
Seller, plus brief information about the company
Develia S.A
Consultancy which advised Seller
Avison Young Poland
Purchaser, plus brief information about the company
Adventum Group through its PENTA fund.
ADVENTUM: A LEADING REAL ESTATE INVESTMENT FUND MANAGER OPERATING UNDER THE AIFM REGIME SPECIALISED IN THE CEE REGION. THE GROUP’S EXCEPTIONAL SOURCING, ASSET MANAGEMENT AND EXECUTION SKILLS ARE ACKOWLEDGED AND VALUED BY OUR INVESTORS AND FINANCING BANKS ALIKE. THIS IS THE TESTAMENT TO THE INVESTMENT STRATEGY AND THE CORE ACQUISITION, AND THE ASSET MANAGEMENT EXPERTISE OF ADVENTUM. OUR ESG STRATEGY IS FOCUSED ON THE REDUCTION OF LIFETIME CO2 EMISSION.
Consultancy which advised Purchaser
Adventum was supported by act BSWW legal & tax on legal, CBRE Poland on commercial and ESG, MDDP on tax structuring and Avison Young on technical areas
Financing institution
The acquisition was financed by Santander Bank Polska
Current occupancy level
86
Please say why this deal should be considered for the award
With the acquisition of the 25.9 k sq m (gla) distinguished Wola Retro Adventum Group's presence in Poland grew to 8 properties in 4 major cities with altogether 175+k sq m of commercial space under management.
