Globalworth Poland purchased Quattro Business Park complex in Kraków for 139 million EUR, which is the largest acquisition so far in the company’s history. Following this transaction, Globalworth becomes the largest institutional office investor and landlord in Poland with over 290,000 sqm of owned office space on the local market, valued at 900 million EUR. The company continues its expansion and plans subsequent transactions in the next several months.
For Globalworth Poland this is already the sixth and, at the same time, the largest individual real estate purchase transaction concluded since the end of last year. It owns a range of office and mixed-use properties diversified in terms of functionality and location developed in Warsaw and on five major regional markets: in Wrocław, Katowice, Łódź, Kraków and Gdańsk. The company’s portfolio exceeds 345,000 sqm; including besides typical office space also mixed-use properties such as the legendary Warsaw-based Hala Koszyki and Renoma in Wrocław, amongst others.
Małgorzata Turek, CEO Globalworth Poland, comments: "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."
Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer at Globalworth, comments: "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."
Quattro Business Park, located in the Prądnik Czerwony district of Kraków, offers approx. 60,000 sqm of space for lease and over 1,300 parking places. The complex consists of five buildings and has been recognized with BREEAM certification. Among the tenants of Quattro are companies such as: Capgemini, Google, Luxoft, Epam, PerkinElmer, Lundbeck and Medicover.
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