Globalworth invests €113m in Polish office market

Globalworth invests €113m in Polish office market

Globalworth confirms the closing of the acquisition of two office buildings in Poland for a total of €113m. Retro Office House in Wroclaw and Silesia Star in Katowice offer over 50,000m² of modern office space. Following this transaction, the company's real estate portfolio in Poland comprises 21 office and mixed-use investments with a total GLA of 560,000m². This deal follows the company’s €500m capital raise in April this year, funding its ongoing growth in the market.


Retro Office House, a newly completed office development in central Wrocław, benefits from excellent connectivity to all parts of the city and a range of public transport options. The building offers 21,900m² GLA and is 100% leased to a variety of tenants, including Infor and Olympus. The property has been acquired for c.€59m.


Silesia Star is an office complex in Katowice with two interconnecting buildings, developed in 2014 and 2016. Located in the immediate vicinity of the city centre, it is close to two universities and various transport options. The building offers 29,200m² GLA, with 95% occupancy. It is leased to a variety of tenants in the finance, technology and services sectors. Silesia Star has been acquired for c.€54m.


"Retro Office House and Silesia Star represent very attractive well-located properties in two important regional Polish cities. We are strongly focused on creating the best offer for the growing community of Globalworth tenants and customers in Poland, with an estimated 110,000 employees and visitors working across our portfolio every day. Our goal is to design and manage the entire user experience within these properties. This is why we focus on buildings in the best city locations and internalise property management in order to work closely with our tenants and be ready to respond to the needs of our growing community," said Dimitris Raptis, Deputy CEO and CIO of Globalworth Group and CEO of Globalworth Poland.


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