The acquisition of two properties in Warsaw by Globalworth’s Polish subsidiary will be funded through the extension and increase of an existing second loan agreement with Globalworth.
The two properties being acquired from Unnibail Rodamco-Westfield, Skylight and Lumen, were completed in 2007 and have a gross leasable area of 45,500 sqm. The properties are expected to yield c.€11.5m in rental income with a weighted average of 4 years and approximately 89% occupancy.
Dimitris Raptis, Deputy CEO and CIO, commented: ” Skylight & Lumen offer centrally-located modern office space with excellent local amenities and transport connectivity. Their addition will further enhance our leadership in the Polish office market and aspirations in the CEE region”