American investor willing to buy KBP

SOF-IX International Holdings, a subsidiary of Starwood Capital, asked the Office of Competition and Consumer Protection (UOKiK) for permission to purchase three office buildings of Ghelamco, including Katowice Business Point (KBP).

© Ghelamco; Katowice Business Point

Apart from the Katowice office facility, the American investor wants to acquire two Warsaw buildings – Łopuszańska Business Park and T-Mobile Office Park. The final amount of the transaction is yet unknown.

UOKiK is responsible for shaping the antitrust policy and consumer protection policy in Poland. The office conducts proceedings concerning competition restricting practices, i.e. abuses of a dominant position and prohibited agreements. Now, the institution will have to check, if the concentration (purchase of the three office buildings) may have negative effect on competition.

SOF-IX International Holdings is an opportunity fund of Starwood Capital Group. SCG has invested USD 11,8 billion of equity since 1991 in all asset classes and levels of the capital structure. As of 30th of June 2013, this has included, among others, 3,87 million square meters of offices around the globe.

Katowice Business Point is located at 3 Ściegiennego St. close to Silesia City Center and was delivered in the Q2 2010. The building is equipped with the advanced BMS automated management system, raised floor, suspended ceiling system, large glazing enabling unlimited daylight access to the offices and central air-conditioning system. The facility offers 17 000 sq. meters of A-class office space on 11 storeys. Ghelamco obtained an ecological BREEAM certificate for KBP in 2011. The list of building tenants includes PwC, Tauron Polska Energia, PTWP Group, Żywiec Group and others.