Ghelamco sells three office space projects to PE firm Starwood
August 21, 2014
Real estate developer Ghelamco finalized the sale of three projects with a combined office space of 78,000 sqm to private equity firm Starwood Capital Group, Ghelamco said in a press statement without revealing the terms of the deal.
The projects in question are Warsaw-based T-Mobile Office Park and Lopuszanska Business Park as well as Katowice-based Katowice Business Point, the statement reads.
Analysts cited in the Polish press back in May estimated the value of the transaction at EUR 200 million. The total rentable space was put at 70,000 sqm back then.