BPH TFI buys Viking

BPH Towarzystwo Funduszy Inwestycyjnych (TFI) bought the A-class office building from Norske Byggeklosser for about EUR 8.5 (zł.32) million. This is the fund's first transaction since it was launched in August 2005.

Viking House is a three-storey, 4,017-sqm office building in Ursynów at ul. Pilackiego 63. The property is close to Okęcie airport and key tenants include Nokia and Netia.

In the transaction, the seller was represented by DTZ, which was also involved in leasing the building. DTZ has been instructed by the new owner to manage the property.

Aurelio di Napoli, an investment associate at DTZ, said: "The competition among investors was very strong. However, after analyzing the offers, BPH TFI proposed the best conditions. It is definitely a great product and an excellent investment. BPH TFI is one of the biggest property funds in the Polish market [and] has assets of more than zł.330 million."

"Excellent fit out throughout, location and 100-percent occupancy is what made the building so attractive," said Rafał Mania, the president of BPH TFI. "There will soon be another transactions as we are working on creating a property portfolio," he added.

LM