Octava FIZAN acquires major office and retail portfolio

The Octava FIZAN investment fund has finalized the acquisition of eleven office and retail assets across Poland through the purchase of 30 entities owned by the BPH FIZ Sektora Nieruchomości and BPH FIZ Sektora Nieruchomości 2 funds (both managed by BPH TFI and in liquidation). The transaction, whose value has not been revealed, was brokered by Savills and JLL, which represented the buyer and the seller respectively. The transacted portfolio totals 140,000 sqm and includes buildings in Warsaw (Renaissance Tower), Kraków (Onyx), Chorzów (Media Markt) and Bolesławiec (Carrefour). Octava FIZAN currently holds a total of 19 commercial real estate assets, which comprise a combined 210,000 sqm of GLA.