Globalworth Real Est (GWI); to acquire Retro Office House and Silesia Star for €113.2m

Published on 26-04-2019 08:06:53
Author Sparks Team
Sparks - Globalworth Real Estate feature image - 26042019 - JPG

Globalworth announced a conditional agreement for the acquisition of two investments in Poland for a combined transaction value of €113.2m. The acquisition is expected to close by July-end, subject to the fulfilment of customary conditions.

Globalworth is set to acquire Retro Office House and Silesia Star for €58.8m and €54.4m, respectively. Retro Office House is a newly completed office development located in central Wroclaw. The building offers a gross leasable area of 21.9k sqm and an annualised contracted rent of €3.9m.

Silesia Star, Globalworth’s second acquisition, is an office complex with two interconnecting buildings developed in 2014 and 2016 at the heart of Katowice. The building offers a gross leasable area of 29.2k sqm and an annualised contracted rent of €4.6m.

Share this with friends and colleagues