Benson Elliot has invested 鈧�100m to acquire four office buildings in Poland for its fourth pan-European real estate fund.
The UK-based private equity real estate fund manager said the properties were acquired in separate off-market transactions with four different vendors.
The buildings acquired are the 8,290sqm Opera office building in Gda艅sk, the 20,400sqm Vinci building in Krak贸w, The 7,910sqm Forum 76 in 艁贸d藕 and the Okraglak and Kwadraciak in Pozna艅 totalling 7,900sqm.
This acquisition follows the Benson Elliot Real Estate Partners IV鈥檚 acquisition of the 350-room Warsaw Sheraton Hotel in October 2015.
Joseph DeLeo, Benson Elliot senior partner, said: 鈥淧oland remains one of Europe鈥檚 strongest economies, with GDP growth averaging more than 3% over the past decade.
鈥淲ith 75% of trade geared into the EU, the country is a principal beneficiary of Europe鈥檚 broader recovery, and continues to be a favoured destination for global outsourcing and shared services.
鈥淲ith these four acquisitions we feel we鈥檝e established a solid position for Benson Elliot in strong regional markets, with prime properties offering real value growth potential.鈥�
Financing was provided by Bank Zachodni WBK and mBank Hipoteczny. Sharow Capital has been appointed as asset manager by Benson Elliot.
