Acquisition of BREEAM Excellent certified portfolio of 11 buildings within 4 projects located in Kraków and Wrocław. Over 120,000 sqm is both standing and under construction assets leased to blue-chip tenants as Google, Shell, Lufthansa or Upm-Kymmene.
Name of the deal
Acquisition of the BUMA portfolio
The date of closing the deal
Q1 2021
Value of the transaction (in EUR)
+€200 M
Yield
not applicable
Seller, plus brief information about the company
Grupa BUMA, present on Kraków market since 1991. For over 25 years, the company has constructed approximately 2,000 apartments, 300 single-family houses and office buildings with a leasable area of 260,000 sqm
Consultancy which advised Seller
not applicable
Purchaser, plus brief information about the company
Partners Group's and REINO co-investment through an investment vehicle where all Polish office standing and development assets are managed by REINO Partners.
Partners Group is a leading global private market investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. With over USD 96 billion in assets under management, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide.
REINO Capital is a listed holding company that owns a group of entities engaged in investments and fund management in the commercial property market, i.a: REINO Partners sp. z o.o., asset manager for office market REINO IO Logistics, asset manager for the industrial market.
Consultancy which advised Purchaser
not applicable
Financing institution
PKO Bank Polski, Bank Pekao SA
Current occupancy level
+80%
Please say why this deal should be considered for the award
The acquisition process of 11 modern office properties was negotiated, refinanced and closed during the pandemic. First portfolio acquisition of new office platform established by the leading global private market investment manager- Partners Group; with local partner REINO Partners part of the REINO Capital holding company listed on the Warsaw Stock Exchange, on managing the portfolio.
