Press release
22 January 2021
Brama Portowa office building complex acquired
Vastint Poland has sold the Brama Portowa office building complex in Szczecin. The new owner is FLE SICAV FIS managed by FLE GmbH from Vienna.
The subject of the transaction are the two office buildings that form the Brama Portowa complex, offering nearly 13,000 square meters of modern office and retail space in the centre of Szczecin. Brama Portowa is the first commercial project in the city which has successfully passed the LEED certification procedure. The largest tenants in the building include Vestas, PKO BP, ING Bank, and LUX MED.
“The buildings, opened at the end of 2012, have become a permanent feature of Szczecin’s landscape, providing a comfortable workplace for many city residents. However, the time has come to refresh our portfolio by selling mature assets. The closing of the sale of Brama Portowa confirms the significant added value potential of our buildings,” says Roger Andersson, Managing Director of Vastint Poland.
“We are glad that despite the pandemic and the related restrictions, investors remain active on the Polish office real estate market and appreciate the investment attractiveness of Szczecin, the dynamically growing but also stable office market in Poland. At the same time, we would like to thank Vastint for the trust placed in us by entrusting us with this transaction, and I would like to congratulate FLE on another successful acquisition,” commented Krzysztof Cipiur, Director in the Capital Markets Department at Knight Frank.
Dr. Alexander Klafsky, managing partner of FLE GmbH, elaborates: „In the past four years we managed to build a solid and high-yielding real estate portfolio across Poland, covering strong regional cities as well as the capital. We will continue to grow in Poland and have already secured two new projects. The latest purchase in Szczecin confirms our investment appetite and our investment criteria: Thanks to Vastint the Brama Portowa office building complex is of exceptional technical standing, shows a very strong tenant diversification and exceptional tenant quality.“
The LegalKraft law firm, attorneys-at-law Artur Świrtuń and Dawid Demianiuk, supported the seller with legal services. The buyer was advised by Allen & Overy, namely by attorneys-at-law Michael Matera and Piotr Przybylski.
Knight Frank is a leading independent international real estate advisory. Headquartered in London, Knight Frank has over 19,000 experts in 512 offices across 60 countries. The Group advises both individual owners and buyers, as well as major developers, investors, and corporate tenants. Learn more about the Company at knightfrank.com.
Vastint Poland is part of the Vastint Group, an international real estate organisation with 30 years’ experience. The cornerstones of our operations are the management of portfolio properties and the development of commercial real estate, including residential development and sales. More information: www.vastint.eu
FLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with almost five billion Euro of equity under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of more than 250 real properties with an estimated net value of approximately three billion Euro.