JR Invest is willing to buy in Katowice

JR Invest has signed a letter of intent for the purchase of a mixed-use complex located in the center of Katowice. The company of Maksimum will be the seller of the property.

The agreed gross price of the transaction totals PLN 93,5 million. The building’s area covers 20 600 sq. meters including offices and other commercial spaces for lease. JR Invest did not reveal the name of the property. „The name of the building is confidential at the moment according to the letter of intent’s terms. I can only say that we are obliged to conclude a final contract by March 2014” – said January Ciszewski, president of the board of JR Invest.

Maksimum (formerly named Opal) owns various properties across Katowice, the Upper Silesia region and other cities in Poland. However, there is only one property in the center of the City owned by the company of which the total area exceeds twenty thousand square meters – this is the office complex called „Opolska 22” and located at 22 Opolska St.

To finance the purchase, JR Invest has also signed a preliminary contract for a bank loan with one of Warsaw-based banks. The worth of the loan will amount up to PLN 50 million. The company will finance the purchase out of its own funds, the bank financing and a share issue.

JR Invest is listed on the Warsaw’s NewConnect market. The core activity of the company is the leasing of commercial areas and services connected with the purchase and property management. The firm is the owner of several mixed-use buildings across Poland, also the one in Katowice located at 7 Moniuszki St. that has been recently refurbished by the company.