Marynarska Point 1, which is situated at ul. Postępu 15B in the Służewiec business district south of the city centre, comprises 13,270 sqm of office space and retail (on the ground floor). Tenants of the BREEAM-In-Use “Excellent’ certified building include Generali and Neilsen. Its development was completed by Skanska in 2007 and was later sold to GLL Real Estate Partners in 2009 for EUR 70.8 mln. It was then acquired by SEB Asset Management in 2011 for EUR 38 mln and became part of the Savills IM European Office Fund’s portfolio upon its acquisition of the SEB AM platform in 2015.
We are pleased to have completed the transaction with Adventum. The sale of Marynarska Point 1 is in line with our strategy to concentrate on core assets and, following an earlier sale of a building in Hamburg, marks the end of disposition activities for our European Office Fund.
Piotr Trzciński, the head of investment at Savills IM in Poland
The property has been bought as the first acquisition of Adventum’s Fund V (Penta), which has also announced its first close having raised EUR 130 mln. Further closes are expected in the near future. Adventum has also announced that the second acquisition of the fund is to be a 21,000 sqm office building in Warsaw fully-leased to a blue-chip tenant. Adventum also has two other investments under exclusivity for Fund V, for which it eventually expects to raise equity commitments in excess of EUR 200 mln with a cap of EUR 300 mln.
Savills IM was advised by Savills Poland, Dentons and ATA Tax for this transaction, while Adventum Group was represented by BSWW, MDDP and Avison Young.
Adventum Group, which is based in Malta and Budapest, is an investment fund manager focused on CEE real estate investment, and now has more than EUR 500 mln of office and retail assets under management in Hungary, Poland and Romania.