Investika Real Estate Fund has acquired the Piastów Office Center in Szczecin, in what’s being labelled Poland’s first office building transaction of 2025. The Czech fund, working with partner BUD Holdings SA, purchased the three-building complex from Blackstone. The deal expands INVESTIKA’s Polish portfolio to 430,000 square meters.
Located near downtown Szczecin, the A-class office center spans 21,000 square meters and houses IT companies, telecom firms and business processing units. The property includes amenities like a cafeteria, bank branches, medical offices and a gym.
“These regional markets are booming and attracting companies from IT, maritime, logistics and banking sectors,” said Petr Čížek, board chairman of INVESTIKA investment company. “The stable rental income will help achieve our target return of 4-6% annually for investors.” The purchase strengthens INVESTIKA’s presence in Poland’s regional cities, following earlier investments in the Tri-City area. Szczecin’s office market has maintained consistently low vacancy rates and stable rents.
“We’ve been seeking an acquisition in Szczecin for a long time,” said Paolo Panico, director of BUD Holdings SA. “This is one of the best and most promising office buildings in the area.” LegalKraft and Savills advised the buyers, while Cushman Wakefield and Greenberg Traurig represented the seller.
The value of the transaction was not disclosed. INVESTIKA Real Estate Fund is a Czech retail fund that manages over CZK 21 billion, targeting 4-6% annual returns.
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