William Malcolm

Investika Expands In Poland With 2 Acquisitions

The real estate fund of the Czech investment company Investika is strengthening its foreign portfolio. For about 400 million crowns, it bought two branded service centers for MAN and Neoplan trucks and buses in Gdańsk and Wrocław. It follows on from its March acquisition of the Szyperska administrative complex in Poznan, Poland.

“It’s an investment that appealed to us for several reasons. In addition to excellent locations with a direct connection to the Polish motorway network, these were long-term leases with a leading European truck manufacturer. We also appreciate the opportunity to diversify our portfolio with a new type of real estate from the light industry segment, “describes Václav Kovář, real estate fund’s investment manager.

In addition to the service halls themselves with a total floor area of ​​8,000 square meters, the adjacent handling and parking areas also became the subject of the sale. Up to forty trucks or buses and about the same number of cars can be parked on them. Together, Investika bought premises with an area of ​​42,000 square meters. MAN Truck & Bus, which leases the premises on a long-term basis, operates its branded services in both areas.

Following the completion of the transaction, which is brokered by Cushman & Wakefield, the investment fund Investika will own a total of twenty-eight commercial properties, three of which are in Poland. He wants to continue with acquisitions abroad, as he sees them as a possibility of dynamic growth while maintaining his current conservative strategy.

“The Czech market is relatively small. And there is currently a shortage of opportunities for the acquisition of commercial real estate, which would correspond to the size of our fund’s strategy, expected profitability and other parameters, “says Petr Čížek, Chairman of the Board of Investment of the investment company Petr Čížek, which manages the real estate fund.

Investika realitní fond is currently preparing three more foreign acquisitions. It thus responds to the extraordinary inflow of funds from investors, which reach hundreds of millions of crowns a month. “October was one of the most successful months in the fund’s existence with more than 320 million crowns, and the previous quarter also brought a large volume of new investments. Thanks to this, we are rapidly approaching the limit of ten billion crowns under management within the Real Estate Fund Investment, ”concludes Čížek.