There are ca. 11 700 sq. m of modern office space in a sold building, which are almost in whole rented by Tesco, Apriso and Sygnity companies.
Kapelanka 42, a debut of Skanska on the Cracow office market, is an important step to us in the development of the company’s activity in Poland. We are glad that the purchaser of the first building of this project is a fund with Polish capital managed by REINO Partners. A professional approach to our new business partner helped us to efficiently lead the whole operation. This sales agreement is another evidence that the office building in the largest centers outside the capital are good investment products. The interest of domestic funds may be a meaningful factor of a further development of the transaction market outside Warsaw – comments Mariusz Krzak, regional director in Skanska Property Poland.
REINO Dywidenda FIZ is a first dividend investment fund of properties in Poland, fully collected among individual investors. The pioneer solution was prepared and realized by REINO Partners as a dedicated investment product for mWealth Management clients (formerly BRE Wealth Management). The transaction with Skanska is a success of an author REINO Partners fund, which sets new standards in investment in Polish commercial properties. The real estates, which bring a regular income, are a natural alternative for deposits and in conditions of a very low interest rates they should be the first choice for investors who withdraw their cash from deposits and treasury bonds. At the same time, the best properties with a scale which minimalizes the risk are not available for an individual investor. The solution are funds such as REINO Dywidenda FIZ. Due to location, basic parameters and renown of a developer, Skanska Cracow office was perfect for the first investment goal – explains Radosław Świątkowski, member of the board in REINO Partners.
CBRE agency was advising Skanska Property Poland during negotiations. The sale of the B building of Kapelanka 42 complex presents the increasing liquidity of the property office market in regional cities and it is the evidence of increasing interest of investors in the best projects in Cracow. Another successful and efficient completion of the transaction also confirms the position of Skanska as a leader among developers of office space in Poland – comments Mike Atwell, Senior Director in capital market department for the Central and Eastern Europe in CBRE.
The legal consultancy to the buyer was provided by Norton Rose office, and to Skanska company – by Dentons office. The credit agreement was concluded with Nordea Bank Poland.
Kapelanka 42 complex is located at Podgórze district and it is composed of office buildings class A which jointly offer over 30 000 sq. m of rental space. The buildings were commissioned in the second and third quarters of the current years and their official opening will take place in November. The structures offer flexible office space, advanced technological solutions, economy of energy, water and influence of the complex on the surrounding. The buildings will be certified in LEED system on Gold level.