Globalworth has acquired Warsaw’s Spektrum Tower for €101 mln from real estate fund manager Europa Capital.
The 29,500 m2 building is located in Warsaw’s central business district at 18 Twarda street. It is currently 90% leased.
Malgorzata Turek, CEO at Globalworth Poland, commented: ‘In less than one month since our last transaction, which made us the leading office investor on the local market, another property has been added to our portfolio further strengthening our position.
‘Thanks to the acquisition of Spektrum Tower, the value of our Polish portfolio now exceeds €1 bn and reaches almost 375,000 m2 of GLA.’
The occupiers include international firms from different sectors, such as BuroHappold, Ecovadis, BGZ BNP Paribas, Westwing and Calzedonia. The average lease term is approximately five years.
James Pennington, director of asset management at Europa Capital, added: ‘We have had no tenant departures under our ownership highlighting the high standard of the refurbishment. This sale concludes Europa Capital’s central European investment activity for Europa Fund III.’
WX Management Services coordinated the marketing, leasing, tenant fit-out and building refurbishment work.
Apleona GVA acted as the exclusive broker to the seller. The seller was also advised by Dentons, while Linklaters, BuroHappold, Deloitte and CBRE assisted the buyer.