The latest Polish acquisition by Czech real estate fund Investika is now in Warsaw. The Royal Trakt Offices palace from the 1870s was bought by the fund from global real estate investor Patrizio SE. The palace is located on the corner of Aleje Ujazdowskie and Wilcza Streets in an area that is also home to many embassies, government institutions, boutique office buildings and high-end hotels. It has been rebuilt several times in the past but with respect to the original character of the building. The last complete renovation took place in 2005. Currently, Royal Trakt Offices offers 3,200 sqm of modern office space which is leased to several different tenants.
However, another Polish real estate investment is not that much of a surprise, as Investika's CEO Petr Cizek already expressed his enthusiasm for investing in Poland in an interview with Property Forum last year. The first time Investika invested in Poland was back in 2021 in Poznan. However, its largest investments in Polish real estate were made last year, in Gdańsk, Gdynia, Wrocław as well as Katowice. The fund's portfolio also includes properties in the Czech Republic, plus Croatia, as we wrote about here, and Spain. The total capital of the company in its four funds already amounts to more than CZK 20 billion (€835 million).