Stena Real Estate Expands Portfolio with Kraków Office Acquisition

On July 4, 2025, Dentons, a leading global law firm, announced its advisory role in the acquisition of two office buildings within the High5ive office complex in Kraków by Stena Real Estate, a prominent Swedish real estate investment entity. This strategic acquisition from the Scandinavian investment fund Niam marks a significant expansion of Stena's presence in the Polish real estate market.

The High5ive complex, situated adjacent to Kraków's Main Railway Station and the historic city center, comprises five modern buildings with a total gross leasable area (GLA) of approximately 70,000 square meters. The newly acquired properties add 23,600 square meters to Stena’s portfolio, which already includes another building in the same complex, acquired from Skanska Property Poland in May 2022. Following this transaction, Stena Real Estate now owns a total of six office buildings across Poland, including locations in Warsaw and Wrocław, effectively increasing its GLA to over 100,000 square meters.

According to Bartłomiej Kordeczka, Partner and Deputy Head of Real Estate at Dentons Poland, the acquisition underscores Stena's commitment to investing in sustainable and strategically located properties. "The High5ive office complex is recognized for its quality and sustainability, evidenced by its LEED Platinum certification, which confirms the high standards of sustainable development and the long-term investment value of these buildings," Kordeczka stated.

The legal guidance provided by Dentons was crucial in navigating the complexities of the transaction. Leading the deal was senior associate Agata Koczorowska, supported by associates Karolina Kordulska-Tetkowska and Martyna Kamińska. The tax implications were managed by Managing Counsel Tomasz Krasowski, ensuring that all aspects of the acquisition were meticulously addressed.

This acquisition not only strengthens Stena's foothold in Poland's burgeoning real estate market but also reflects a broader trend of increased foreign investment in Polish commercial properties. According to a report published by the Polish Investment and Trade Agency in June 2023, foreign investments in Poland’s real estate sector reached a record high of €5 billion in the first half of 2023, indicating robust investor confidence in the country's economic stability and growth potential.

Industry experts like Dr. Anna Nowak, an economist at the University of Warsaw, emphasize that the influx of capital into Poland's real estate market is driven by favorable economic conditions and a growing demand for high-quality office spaces. "Investors are increasingly seeking properties that not only offer financial returns but also align with sustainability goals," Dr. Nowak noted.

As Stena Real Estate continues to build its portfolio in Poland, the implications of this acquisition extend beyond mere investment figures. The High5ive complex's strategic location and sustainable design are expected to attract a diverse range of tenants, contributing to the region's economic growth and job creation.

In conclusion, the acquisition of the High5ive office buildings represents a pivotal moment for Stena Real Estate, reinforcing its commitment to sustainable development and growth in the Polish market. As the real estate landscape continues to evolve, stakeholders will be keenly observing how such investments shape the future of commercial real estate in the region, particularly in light of increasing emphasis on sustainability and corporate responsibility in investment decisions.