Globalworth acquires Quattro Business Park for €139m (PL)

Globalworth acquires Quattro Business Park for €139m (PL)

Globalworth Poland purchased Quattro Business Park complex in Krakow for €139m. The transaction marks the largest acquisition in the company's history, making Globalworth the largest institutional office investor and landlord in Poland with over 290,000m² of owned office space on the local market, valued at €900m. The company continues its expansion and plans subsequent transactions in the next several months.

 

Quattro Business Park, located in the Prądnik Czerwony district of Kraków, offers c. 60,000m² of space and over 1,300 parking places. The complex consists of five buildings and has been recognized with BREEAM certification. 

 

Tenants include CapgeminiGoogleLuxoftEpamPerkinElmerLundbeck and Medicover.

 

"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. In accordance with our strategy, we target those assets where we see strong total returns through attractive income and value growth potential. Our portfolio consists of carefully selected assets addressing the individual needs of tenants. We are long-term owners and managers of our portfolio and we focus on building longstanding partnerships with our tenants", declared Małgorzata Turek, CEO Globalworth Poland.

 

"In a little over half a year, we were able to become the leader of the most liquid and the largest office market in the region, characterized by a high amount of trust amongst international investors. The transactions closed over the past six months have more than doubled the size of Globalworth Poland’s portfolio achieving immediate scale benefits. We continue to see exciting opportunities in Poland, and it is a focal area of our growth strategy", commented Dimitris Raptios, Deputy Chief Executive Officer and Chief Investment Officer at Globalworth.

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