Echo Investment S A : sells Face2Face Business Campus to Investika and Bud Holdings

A joint venture of Investika – a Czech retail investment fund – and Bud Holdings – a Luxembourg-based private equity firm, became the new owners of Face2Face's entire Campus in Katowice. Echo Investment has signed a sale agreement for a modern office complex that includes two buildings and a green patio. This unique green space is a sign of high sustainability standards. This deal, which was more than EUR 100 million, confirms the potential for commercial real estate in the Polish region markets. The Face2Face Business campus in Katowice is made up of two buildings that cover 47,000 square meters of modern office space. Nearly 100% of the complex is leased to reputable tenants such as Honeywell, DAZN and Orange, Medicover Polska and CitySpace. Face2Face Business Campus is a unique space that offers an exclusive recreation area in the heart the city. It features high-quality architecture and best-in class workspace solutions. The campus is located in the heart of Katowice's office hub, along Chorzowska Street. It is close to many services and the city's cultural activities, including cafes, restaurants, hotels, hospitals, shops, and other amenities. Within a few minutes of the building, you can reach key city attractions. Face2Face Business Campus was created in a sustainable manner. It draws from our many years of experience in co-creating cities. This is a great investment product that will provide a steady income for long-term investors. Because of its unique architecture, location and comfortable workspace, the complex has become a landmark in Katowice. We now have another great partner to continue developing Face2Face," Malgorzata Türek, Echo Investment's Management board member, said. Its unusual patio makes the complex stand out. Face2Face's green common areas include an outdoor basketball court, a chillout area with benches and deckchairs, and flower meadows. These make Face2Face a welcoming workplace that fosters creativity. We would like to thank Investika, Bud Holdings and Face2Face for trusting us and choosing high quality Face2Face Business campus buildings that meet the highest environmental standards. Rafal Mazurczak is a member of Echo Investment's management board. "This is our fourth office project this year. It is a clear evidence of the potential lies in Polish regional cities." Echo Investment worked with Grupa 5 Architekci architects to pay special attention to ergonomics and sustainable water and energy management. The complex has electric car charging stations and bicycle parking spots to encourage tenants to use environmentally friendly transportation. Workers who commute by bicycle to work can access cabinets and showers. The common spaces include a large green patio with relaxation areas and a variety of greenery that allows birds and insects to settle. These buildings received the BREEAM Final Certificate on Excellent Level. "Face2Face Business Campus was INVESTIKA’s largest investment in Poland. The campus is of exceptional quality and sustainability, which are supported by the ongoing dynamics of the Polish economic within the second-largest metropolitan area in Poland by population," Vaclav Kovar (INVESTIKA real property fund manager) says. The seller was advised by Colliers, Baker McKenzie, Baker McKenzie, and Linklaters, while Cushman & Wakefield and Crido were the buyers' advisors. Echo Investment SA published the content on 23/12/2022. It is solely responsible. Published by the Public at 08:53:13 UTC on 23 December 2022