Globalworth, the leading office investor in Poland and Romania, has completed new acquisitions of two buildings in Poland, Warsaw Trade Tower (WTT) in Warsaw and Rondo Business Park in Krakow, for c. EUR 170 million. Including these recent additions, Globalworth’s Polish portfolio has grown to almost 500,000 sqm of GLA in office and mixed-use properties.
We are delighted to add Warsaw Trade Tower, a prominent landmark office tower, to our Polish portfolio, offering an attractive yield and a range of asset management opportunities. The acquisition of Rondo Business Park in Krakow has sound strategic rationale, being located alongside our Quattro Business Park and creating management synergies through an enlarged footprint. We are very pleased to be increasing our office presence in Krakow to over 100,000 sqm, given the backdrop of strong occupier demand arising from its position as the largest business services centre in Poland and one of the largest in Europe.
Dimitris Raptis, Deputy CEO and CIO of Globalworth Group and CEO of Globalworth Poland
