The Warsaw Voice » Other » News - July 16, 2018
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Spektrum Tower sold to Globalworth
Spektrum Tower, an A-class landmark office tower, located in Warsaw Central Business District at 18 Twarda street, was sold by Europa Capital to Globalworth, the leading office investor in Central and Eastern Europe, for around €101 million.
The property, offering approximately 29,500 square meters of GLA, is multi-tenanted and is over 90% let. The occupiers include international firms from a variety of sectors, e.g. BuroHappold, Ecovadis, BGŻ BNP Paribas, Westwing and Calzedonia. Numerous tenants have already expanded within the building, and the average lease term is approximately 5 years. The property offers diversified facilities, including one of the largest gyms in Warsaw (CityFit), a medical center and two restaurants.
James Pennington, Director, Asset Management at Europa Capital, commented the disposal: “We are proud to be selling the high quality Spektrum Tower to Globalworth after completing a refurbishment. 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.”
“In less than a 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 €1.0 billion and reaches 375,000 square meters of GLA almost,”
Ma³gorzata Turek, CEO at Globalworth Poland said.