Revetas Capital has recently sold Bonarka Meadows Residential Project
- Press releases
Revetas Capital has recently sold Bonarka Meadows Residential Project to Henninger Investment Group
Krakow, 11 March 2024 – Revetas Capital has recently concluded the disposal of Bonarka Meadows in Krakow, a permitted residential development project, to Henniger Investment S.A., a Polish company that has been operating in the investment industry for over 30 years. Bonarka Meadows is positioned on two land plots adjacent to Building G and Building H which are part of the class-A office complex Bonarka for Business “B4B”, a 77,000 sqm fully “BREEAM” certified complex hosting an array of blue-chip tenants. The project is uniquely located next to one of Krakow’s dominant shopping centers, creating a cohesive and unique live-work-play concept. The land plots have a total development area of 10,400 sqm with building permits in place for 20,800 sqm residential purposes and are planned to deliver 434 modern apartments spread across 4 buildings, each with 10 above-ground storeys. The Bonarka for Business “B4B” complex is a landmark office development of TriGranit, who has successfully created the residential concept for Meadows and led the permitting and disposal efforts.
Since 2006, Henninger Investment Group’s activities have been focused on the acquisition and management of real estate assets. The developer’s flagship estate is located in Krakow – Visionary Estate – and consists of 16 buildings with over 1,600 apartments that have been built on an area of 80,000 sqm.
Henniger Investment builds with care for residents, for their comfort it has created the neighbourhood arcade which offers many amenities, including grocery and specialty stores, hair and beauty salons, restaurants, cafes, pastry stores, nurseries, a kindergarten or health center. A good neighbour is a treasure worth taking care of. With a view to supporting the local community and building strong ties, a multifunctional neighbourhood club for residents was created in the project Visionary Estate. This is the first such place on the residential map of Krakow.
Henniger Investment’s development plans are extensive. The company has purchased land plots in cities such as Gliwice, Katowice and Wroclaw. With the successful transaction of Bonarka Meadows, the company was able to start construction works and looks forward to the future.
Vlad Dragoescu, Director, CEE Head of Portfolio Management at Revetas Capital, stated:
’We are pleased with the successful transaction with Henninger Investment, a reputable Polish partner known for their extensive experience in residential developments. With a strong focus on achieving a perfect work-life balance and maximizing the utilization of the land plot, this project will greatly benefit our business community and its employees in the Bonarka for Business “B4B” office park. The integration of various functions, including office, retail, leisure, and a future residential component, will complement each other and enhance the district’s overall appeal. This strategic move will create a unique cluster and further solidify B4B office park’s position in the region as one of the most attractive destination for the live-work-play concept, a vision that Revetas Capital had since the inception of Bonarka for Business regeneration project, that is now becoming a reality.’
About B4B
Bonarka for Business “B4B” is today the largest and most renowned office park in Kraków, with 8 class-A office buildings providing a total GLA of 75,000 sqm. As part of a vast urban reconstruction project, it is an awarded office complex distinguished for its unique aesthetics harmonized with an impressive historical legacy, including “artURBANICA 2012”. Bonarka for Business’ unparalleled location, directly adjacent to Kraków’s largest shopping center, makes the park the ideal place for business, as it has the widest variety of amenities and services available on-site and nearby. These include approximately 230 shops, a large parking area, hypermarket, restaurants, cafes, medical center, fitness club, kindergarten, book point, serviced offices, bicycle and pedestrian bridge, and many others. The project is located in Podgórze district, having multiple public transport connections, including 12 bus lines, 4 tram stops and the Bonarka Railway station in its immediate vicinity. Last year, Revetas Capital invested in opening a new amenity for B4B employees named “B4B Oasis”, which comprises 5,820 sqm of green area in an amphitheatre shape designed to be an innovative place for work, meetings, and relaxation.
www.bonarka4business.pl
About Revetas
Revetas is a pan-European real estate investment advisor pursuing a thematic approach focused on value-add investments that may be entangled in special situations.
The firm’s leadership has been operating in Europe for the past 25 years and Revetas has been a leader in Central European real estate for over a decade. The team has successfully navigated multiple economic and investment cycles and has built Revetas into a fully integrated real estate platform covering investment, asset, development and property management.
Revetas serves a global base of institutional investors, endowment funds, pension funds, asset managers, family offices and ultra-high-net-worth individuals with a view of delivering superior, risk-adjusted returns. Full alignment with investors, coupled with a strong focus on sustainability, is at the core of the firm’s success.
Revetas was founded in 2012 and is led by Managing Partner Eric Assimakopoulos. The business operates from London, Vienna and Luxembourg.
About TriGranit
TriGranit operates as a unique real estate development platform in Central Europe, with an unrivalled track-record to acquire and develop prime and sustainable office and alternative real-estate projects that define the landmarks of the region. In its two decades of operation, TriGranit has developed nearly 50 landmark projects creating 1,7 million square meters of GLA in seven CEE countries and has won more than 50 highly prestigious international awards.