The preliminary agreement encompasses 11 prime office properties (including two under construction) in the cities of Kraków and Wrocław. The leasable area of the completed buildings is approx. 100 000 sqm, while approx. 25 000 sqm is under construction. The sale agreement is expected to be signed in the coming weeks.
“The acquisition of the BUMA portfolio fits well with our strategy of acquiring assets generating strong cash flows, with renowned tenants, in regions with strong economic foundations. We are impatiently waiting to implement our value add strategy across the portfolio along with our local operating partner – REINO Capital – and in close collaboration with the existing and potential tenants. We rate the Polish residential, office and logistics market very highly, which is why we are planning on further developing our presence here by searching for cash-generating portfolios with short- and mid-term value add potential,” said Marco Denari, Member of Management, Private Real Estate Europe, Partners Group.
“Years of experience and strong local competence make us a partner of first choice for global investors looking to invest in Polish real estate. We are glad that once the transaction closes Partners Group will have us manage the assets in this Polish portfolio, worth in excess of EUR 200m,” said Radosław Świątkowski, CEO of REINO Capital SA.
Greenberg Traurig is acting as lead transaction adviser for the buyers in the acquisition of BUMA Group’s assets. Deloitte provided financial and tax advisory, while Gleeds acted as technical adviser. Goodwin Procter (UK) LLP is acting as legal adviser to Partners Group, also with regard to the asset management agreement with REINO Partners. The vendors are being advised by Clifford Chance, Ipopema and EY.
Partners Group is a global financial institution – one of the largest of its type in the world. Founded in 1996, Partners Group currently employs over 1 500 specialists in 20 offices around the world (with a headquarters in Switzerland). It manages assets worth USD 95 billion (AUM). PG’s professionals have so far completed nearly 240 investments projects on the real estate market, totalling more than USD 11 billion. PG’s investors include both large institutional customers and wealthy individual investors. PG invests in all major asset classes (private equity, private debt, real estate, infrastructure). The company has been listed on SIX Swiss Exchange since 2006.
REINO Capital is an exchange-listed holding group of companies operating on the real estate market. By combining competences and experience from the property market and from investing and equity markets, it creates solutions for investors based on the best Polish assets and the highest standards.
REINO Capital is the leader in investment products for Polish investors based on income-generating commercial properties. It has been advocating for the introduction of REIT-type solutions to the Polish market for years.
REINO Capital is the first business project in Poland that aims to vertically and horizontally consolidate the market by eventually combining traditional and alternative asset classes with in-house distribution.
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