Dutch property group Redevco has increased its Polish portfolio with the acquisition of the Pedant building in Katowice, Poland. Redevco purchased the property from Centrum Development & Investment, a Belgian investor and developer, for EUR 4 mln.
Dutch property group Redevco has increased its Polish portfolio with the acquisition of the Pedant building in Katowice, Poland. Redevco purchased the property from Centrum Development & Investment, a Belgian investor and developer, for EUR 4 mln.
The seven-storey building includes 2,034 m2 of leasable area, with about 1,244 m2 of retail accomodation let to Deichmann. The office portion consists of 799 m2 and is leased to Learning System Poland, a countrywide language school chain, and the Polish Chamber of Architects.
Dariusz Weglicki, property manager at Redevco said, 'We are pleased to extend our portfolio with this perfectly located property in Katowice city centre. Building up a strong Polish portfolio is part of Redevco's strategy of geographical diversification.'
This is the group's second investment in Poland. In January 2008 Redevco acquired the 18,000 m2 Komfort portfolio comprising 18 properties in major retail areas on the outskirts of some of the country's most important towns and cities. The purchase price was around EUR 35 mln.
