Summus Capital OÜ strengthens Polish portfolio with acquisition of Lakeside office building in Warsaw

Summus Capital OÜ, an Estonia-based investment company, continues its expansion in Poland with the acquisition of the state-of-the-art Lakeside office building in Warsaw. Purchased from Atenor, an esteemed international real estate developer, the transaction is valued at EUR 61.9 million.

The acquisition of Lakeside complements Summus Capital’s entry into the Polish market. Earlier this year an announcement was made on signing of purchase agreement of React office building in Łódź. This latest transaction underscores Summus Capital’s commitment to building a diversified and high-quality commercial real estate portfolio in Central and Eastern Europe (CEE).

Lakeside: a new benchmark for modern office spaces

Lakeside is a brand-new A-class office building offering 23 834 m² of premium workspace. Designed to meet the highest international standards, the building holds BREEAM Outstanding and WELL Gold certifications, reflecting its commitment to sustainability, energy efficiency, and tenant well-being.

Strategically located just 10 minutes from Chopin Airport, Lakeside provides excellent connectivity to Warsaw’s city center and key business hubs. Its modern design, superior amenities, and prime location make it an attractive choice for international and domestic tenants alike.

The property is nearly fully leased to prominent tenants, including Lux Med, Polenergia, Hewlett Packard, and Bonduelle, ensuring long-term stability and cash flow. Approximately 83% of the rentable area is secured by the top five tenants, further affirming Lakeside’s market appeal.

Strategic growth in the CEE Region

“This acquisition represents a significant milestone for Summus Capital as we continue to grow our presence in Poland. Following our plans with React in Łódź, Lakeside further enhances our portfolio with its exceptional quality and green credentials,” said Hannes Pihl, Board Member of Summus Capital and Managing Partner of Zenith Family Office, the strategic asset and investment management partner of Summus Capital.

“We are extremely pleased to have successfully closed the Lakeside transaction exactly one year after submitting our initial offer. When we began negotiations, the project was still under construction, and the result we see now exceeds all our expectations. A green surrounding EU Taxonomy-compliant office building with a stunning lake view is a perfect fit for our Warsaw investment. Considering that this prominent property hosts strategic sectors such as medicine, energy, and IT, and benefits from an unusually long average lease period in today's market, it will be a straightforward management task in the years ahead,” Pihl added.

A proven model for success

The acquisition was financed by Erste Group Bank AG. The respected law firm Penterisprovided expert advisory services to Summus Capital on all aspects of the transaction, including banking and tax matters. Additionally, Schönherr advised Erste Group Bank AG, ensuring legal and regulatory compliance.

“Summus Capital continues to leverage its expertise in identifying and managing high-value real estate assets across the Baltic States and CEE region. With a well-diversified portfolio spanning retail, office, logistics, and medical properties, the company remains focused on sustainable growth and strategic investments,” Pihl mentioned.

Summus Capital (www.summus.ee) is a real estate investment holding company founded in 2013. The group owns a portfolio of 15 properties in the three Baltic countries and Poland, which includes buildings in the retail, office, logistics and medical sectors with a value of about 464 million euros.