Benson Elliot extends Polish regional office platform with €20 m Wroclaw investment

The acquisition represents the fifth transaction in the firm’s Polish regional office strategy.

Diamentum is a 9,300 sqm, grade A office building, prominently situated in Wroclaw’s Western office district. The building, delivered earlier this year, is arranged over eight floors and provides surface and underground parking for 100 cars. Diamentum has been awarded a BREEAM – Very Good environmental certification.

Benson Elliot’s Polish regional portfolio now totals c. 55,000 sqm of grade A office accommodation across Poland’s key regional markets: Kraków, Gdańsk, Łódź, Poznań and Wroclaw. The assets are well-let to international and major domestic tenants, recently-developed or re-developed to a high specification, and situated in central locations in their respective markets.

Joseph DeLeo, Benson Elliot Senior Partner, said:
“The acquisition of Diamentum fits in well with our strategy of acquiring quality office assets in prime locations across Poland’s major regional markets. This is an exceptional building, nearly fully let, with a blue-chip tenant roster.”

Daniel Draga, Member of the Management Board, CFO at Cavatina Holding S.A., said:
“Diamentum, like other commercial buildings in the portfolio of Cavatina Holding S.A., was designed by our internal team of architects. This year the building also received the TOPBuilder award. We strongly believe that Diamentum raises the bar not only for the level of architectural design in regional cities, but also for the quality of office buildings developed throughout Poland. In Benson Elliot’s regional office portfolio, it will shine like a real diamond.”

Sharow Capital will manage the property, alongside the other properties in Benson Elliot’s Polish regional portfolio. Greenberg Traurig and CmT acted as advisers on the acquisition. Cavatina was advised by Dentons and CBRE.

ENDS

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