Revetas Capital Sells Building A at Bonarka for Business Complex in Kraków

Revetas Capital has completed the sale of Building A at the Bonarka for Business (B4B) office complex in Kraków to Proton Property, a Kraków-based investor and developer active in the local market since 1995.

Located at ul. Puszkarska 7F, the office building offers approximately 8,300 sqm of gross leasable area across seven above-ground floors. The property also includes one underground parking level, surface parking spaces for a total of 170 vehicles, and bicycle infrastructure.

Building A forms part of the Bonarka for Business complex, one of Kraków’s larger office parks, comprising around 76,600 sqm of office space across eight Class A office buildings.

Tomasz Gawarecki, CEO of Proton Property, said: “We are very pleased with the completion of this transaction. This is a strategic move that will allow us to offer our clients yet another high-quality office building.”

Vlad Dragoescu, Partner and Head of Portfolio Management for Central and Eastern Europe at Revetas Capital, said the disposal forms part of the company’s ongoing asset management strategy for the B4B portfolio.

“The disposal of Building A forms part of our ongoing portfolio management strategy for Bonarka for Business and reflects continued investor interest in well-located office assets in Kraków,” Dragoescu said.

“While market conditions across the office sector remain selective, we continue to see strong long-term value in the B4B complex. We are pleased to complete this transaction with an experienced local investor with whom we share a constructive and relationship-driven approach.”

Antonio Pomes, Country Head of Portfolio Management at Revetas Capital, said Bonarka for Business continues to benefit from its location, connectivity and established tenant base.

“Bonarka for Business has established itself as one of Kraków’s leading office destinations, benefiting from its strategic location, strong connectivity and mature business ecosystem,” Pomes said.

Sykstus Gaczoł, Vice President of Proton Property, added: “This investment is proof of our faith in the potential of the Kraków office market. We believe that Bonarka Office will bring tangible benefits not only to our clients but also to the local community, stimulating further economic development in this part of the city.”

DLA Piper acted as legal advisor to Revetas Capital, while Kancelaria KKPW advised Proton Property on the transaction.