Summus Capital’s expansion to Poland drives 34% revenue growth in 2025

Summus Capital closed 2025 as a year of strong growth, continuing its transition from a Baltic-focused investor to a broader Central European real estate market participant.

Summus Capital’s consolidated revenue increased by 34% to EUR 55.5 million, primarily driven by expansion to Polish market. 2025 was the first full year for React and Lakeside office buildings in Summus’ portfolio. Following the EUR 103 million acquisition of Libero shopping centre in Katowice – one of the largest retail transactions in Poland in 2025 – Poland’s share of the portfolio value rose to 38%, making it a key growth driver for Summus.

“Having entered the Polish market only recently, we were able within a short period of time to build a meaningful presence there while maintaining strict financial discipline. Today, Poland represents a significant and growing share of our portfolio and provides access to one of the most dynamic real estate markets in the region,“ commented Boris Skvortsov, Chairman of the Board of Summus Capital.

The acquisition of Libero shop­ping centre in Katowice in October 2025 reflects Summus Capital’s strategy to invest in modern, dominant retail assets located in strong urban markets.

Summus Capital’s portfolio value increased to EUR 571 million, while total assets exceeded EUR 622 million. At year-end, the portfolio comprised 14 properties with approximately 271,200 m² of leasable space and more than 400 tenants, maintaining a high occupancy rate of around 98%.

Maintaining stability in a complex environment

The broader economic environment in 2025 was challenging. Geopolitical tensions shaped the investor sentiment and the Baltic economies experienced slow growth.

“In such circumstances, stability, diversification and responsible capital allocation become more important than rapid expansion. Our strategy therefore remains focused on income-producing assets, strong tenant relationships and conservative leverage,“ noted Hannes Pihl, Member of the Management Board of Summus Capital.

In June 2025, Summus Capital successfully issued EUR 30 million in bonds, attracting strong investor demand and broadening its investor base. At the same time, Summus actively optimised its portfolio by divesting three assets and reallocating capital into larger, high-quality properties in stronger markets. “The focus was on improving portfolio quality and using capital more efficiently,” added Aavo Koppel, Member of the Management Board of Summus Capital.

The company’s disciplined approach has been recognised externally, with Scope Ratings reaffirming its BB/Stable rating and the Summus Capital receiving second place for Best Investor Relations on the Nasdaq Baltic First North Bond List.

Looking ahead, Summus Capital will continue its strategy of prudent growth, ESG-driven asset management and further strengthening its position in Baltic and Polish core markets.