News Article Globalworth investment office Poland Unibail-Rodamco-Westfield Warsaw
by Property Forum | Investment

Globalworth Poland has closed the acquisition of two office buildings in Warsaw, Skylight and Lumen, from Unibail-Rodamco-Westfield.

Skylight and Lumen are located above the Złote Tarasy shopping centre in the heart of the Warsaw Central Business District. The buildings were completed in 2007 and offer a gross leasable area of 45,500 sqm over 18 and 8 storeys, respectively. With a current occupancy of approximately 89%, the properties have a contracted rental income of cca. €11.5 million and a weighted average lease length of nearly four years. The properties are multi-tenanted, with a range of tenants including Pernod Ricard, Mars, PGE Energia Ciepła, InOffice, Regus and Cushman & Wakefield.
The total transaction consideration has been set at €190 million, before working capital and other customary adjustments, and has been funded from GPRE's existing cash resources.