The purchase of Face2Face Business Campus by Investika & Bud Holding from Echo Investment

Face2Face Business Campus is prominently located in the city centre of Katowice within Chorzowska office cluster, the largest and the most active office destination in the city. The office complex, delivered in phases in December 2019 and November 2020 with a total GLA of 47,200 sqm, consists of two buildings with a lettable area of 26,500 sqm and 20,700 sqm respectively. The property is leased to blue chip tenants such as: Honeywell, Capgemini, Orange, Deloitte. The buildings have been developed by Echo Investment, the largest developer in Poland to Class A institutional standards and feature BREEAM Excellent Certificate. The property has been purchased for EUR 113,000,000 through the asset deal which was one of the largest transaction concluded in the regional cities in 2022.
Name of the deal The purchase of Face2Face Business Campus by Investika & Bud Holding from Echo Investment
Information about the transaction Face2Face Business Campus is prominently located in the city centre of Katowice within Chorzowska office cluster, the largest and the most active office destination in the city. The office complex, delivered in phases in December 2019 and November 2020 with a total GLA of 47,200 sqm, consists of two buildings with a lettable area of 26,500 sqm and 20,700 sqm respectively. The property is leased to blue chip tenants such as: Honeywell, Capgemini, Orange, Deloitte. The buildings have been developed by Echo Investment, the largest developer in Poland to Class A institutional standards and feature BREEAM Excellent Certificate. The property has been purchased for EUR 113,000,000 through the asset deal which was one of the largest transaction concluded in the regional cities in 2022.
The date of closing the deal December 2022
Value of the transaction (in EUR) 113000000
Yield 8
Seller, plus brief information about the company Echo Investment, Echo Investment SA is the largest Polish developer with extensive experience in the three main sectors of the real estate market: residential, retail and service as well as offices. As a company which is jointly responsible for the development of cities, Echo Investment gets involved in building large, city-forming projects that are in line with the city fibre and complement it.
Consultancy which advised Seller JLL, Colliers, Baker McKenzie, Linklaters
Purchaser, plus brief information about the company Investika & Bud Holding, Investika is a 100% Czech-owned investment company licensed by the Czech National Bank to manage and administer investment funds. Investika focuses primarily on real estate investments in Czech as well as Central European markets and already has a solid track record of concluded transactions on the Polish market in office and industrial sectors.
Consultancy which advised Purchaser The purchaser was advised by Cushman & Wakefield, Dentons and Crido
Financing institution Belin Hyp AG
Current occupancy level 100
Please say why this deal should be considered for the award The sale of Face2Face Business Campus, one of the most prominent office investments in the city, was the biggest transaction of an office scheme on the constantly growing Katowice market so far. The transaction was at the same time one of the largest transaction concluded in all polish regional cities throughout all of 2022. Simultaneously, it was the biggest single transaction concluded by Echo Investment in regional cities.
Name of the deal
The purchase of Face2Face Business Campus by Investika & Bud Holding from Echo Investment
Information about the transaction
Face2Face Business Campus is prominently located in the city centre of Katowice within Chorzowska office cluster, the largest and the most active office destination in the city. The office complex, delivered in phases in December 2019 and November 2020 with a total GLA of 47,200 sqm, consists of two buildings with a lettable area of 26,500 sqm and 20,700 sqm respectively. The property is leased to blue chip tenants such as: Honeywell, Capgemini, Orange, Deloitte. The buildings have been developed by Echo Investment, the largest developer in Poland to Class A institutional standards and feature BREEAM Excellent Certificate. The property has been purchased for EUR 113,000,000 through the asset deal which was one of the largest transaction concluded in the regional cities in 2022.
The date of closing the deal
December 2022
Value of the transaction (in EUR)
113000000
Yield
8
Seller, plus brief information about the company
Echo Investment, Echo Investment SA is the largest Polish developer with extensive experience in the three main sectors of the real estate market: residential, retail and service as well as offices. As a company which is jointly responsible for the development of cities, Echo Investment gets involved in building large, city-forming projects that are in line with the city fibre and complement it.
Consultancy which advised Seller
JLL, Colliers, Baker McKenzie, Linklaters
Purchaser, plus brief information about the company
Investika & Bud Holding, Investika is a 100% Czech-owned investment company licensed by the Czech National Bank to manage and administer investment funds. Investika focuses primarily on real estate investments in Czech as well as Central European markets and already has a solid track record of concluded transactions on the Polish market in office and industrial sectors.
Consultancy which advised Purchaser
The purchaser was advised by Cushman & Wakefield, Dentons and Crido
Financing institution
Belin Hyp AG
Current occupancy level
100
Please say why this deal should be considered for the award
The sale of Face2Face Business Campus, one of the most prominent office investments in the city, was the biggest transaction of an office scheme on the constantly growing Katowice market so far. The transaction was at the same time one of the largest transaction concluded in all polish regional cities throughout all of 2022. Simultaneously, it was the biggest single transaction concluded by Echo Investment in regional cities.
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