PL

Qataris and Swiss buy two Warsaw estates

Investment & finance
POLAND Aventicum Capital Management – a JV established by the Credit Suisse bank and the Qatar Holding investment fund – has bought two SPV companies involved in building residential estates in Warsaw.

The seller is Spanish group Layetana. The SPV companies of the Spanish developer that have now changed hands are currently developing Mozaika Mokotów on ul. Cybernetyki and sPlace on ul. Rydygiera in Żoliborz. Under the transaction Aventicum has also purchased some of the loans incurred by the SPV companies connected with the construction of both residential projects. Several stages of the estates are now complete and some apartments have been sold. Aventicum Capital Management was advised by the Dentons law office for this transaction, while Layetana was advised by Baker & McKenzie.

The buyer, Geneva-based joint venture company Aventicum Capital Management, focuses on the management of investment assets. It was established by Credit Suisse in cooperation with Qatar Holding investment fund. It is owned by state-owned fund Qatar Investment Authority, which already owns a Warsaw project: Miasteczko Orange.

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