Globalworth has become the largest office investor in Poland with the acquisition of Quattro Business Park in Kraków for €139 mln, the biggest deal so far in the company’s history.
Following the transaction, Globalworth owns €900 mln of Polish offices, covering 290,000 m2. The company said it planned subsequent transactions over the next few months.
'The purchase of Quattro Business Park has allowed us, as previously announced, to reach our goal of becoming the leader of the office real estate sector in Poland,' said Malgorzata Turek, CEO Globalworth Poland.
'In accordance with our strategy, we target those assets where we see strong total returns through attractive income and value growth potential,' he added. 'We are long-term owners and managers of our portfolio and we focus on building longstanding partnerships with our tenants.'
Its holdings, including offices and mixed-use properties, are located in Warsaw plus the regional markets of Wroclaw, Katowice, Lódz, Kraków and Gdansk, comprising a total of 345,000 m2.
Quattro Business Park, located in the Pradnik Czerwony district of Kraków, represents 60,000 m2 of lettable space plus 1,300 parking places.
The complex consists of five buildings and is BREEAM certified. Tenants include Capgemini, Google, Luxoft, Epam, PerkinElmer, Lundbeck and Medicover.