London-based Henderson Park has moved into the Polish market with the acquisition of a 70% stake in a 105,000sqm office portfolio.
The pan-European private equity real estate investor said it bought the interest in the fully-let office portfolio from EPP for an undisclosed sum.
Listed Polish real estate investor EPP will retain a 30% stake in the portfolio and continue to manage the assets, in partnership with Henderson Park.
The assets include the O3 Business Campus in Kraków, comprising three 11-storey buildings totalling 55,765 sqm and 1,205 parking spaces; the Malta Office Park in Poznań, comprising six individual buildings of five to six storeys totalling 29,065sqm and 599 parking spaces, and; the Symetris Business Park in Łódź, comprising two ten-storey buildings totalling 19,287sqm and 383 parking spaces.
Nick Weber, founding partner of Henderson Park, said: “This transaction marks our entry into the Polish market, where we see great potential, and at an attractive entry level.
“Structuring this deal alongside a listed company fits well with our ethos of finding unique and innovative ways to access real estate investment opportunities on behalf of our investors.”
Hadley Dean, CEO of EPP, said: “This partnership will allow Henderson Park and our office tenants to benefit from our know-how and experience as they continue to enjoy office management services of unparalleled quality.
At the same time, it allows us to focus on our stated strategic goals involving developing and populating our retail portfolio in one of Europe’s most dynamic markets.”