ARTICLES LABELLED WITH TAG Lone Star

Affiliates of Lone Star Funds have acquired a real estate package from Cavatina Holding S.A. After announcing their intention to go ahead with the deal in June, the parties managed to quickly bring it to a conclusion. Carbon Tower in Wrocław, Ocean Office Park A and Tischnera Office in Kraków offer a total of nearly 66,000 sqm of GLA with an average lease rate of approx. 90%. The deal amounted to more than €139 million.

Carbon Tower in Wrocław, Ocean Office Park A and Tischnera Office in Kraków – this is a real estate package that is to be acquired by an affiliate of Lone Star Funds. The buildings, belonging to Cavatina Holding, one of Poland's largest office developers, offer a total of nearly 66 thousand sqm of GLA, and their average lease rate is at the level of approx. 90%. The planned buy/sell deal is another portfolio transaction of Cavatina Group, which in 2020 sold three Equal Business Park office buildings (A, B and C).

The landlord representation team at BNP Paribas Real Estate Poland will be responsible for leasing vacant space as exclusive agent in the Europlex and Irydion office buildings and the A building in the Wiśniowy Business Park complex in Warsaw.

Majority shareholder Lone Star (LSREF III GTC Investments B.V.) has informed developer Globe Trade Center (GTC) that it is considering the sale of entire 61.1 percent stake in the company. Lone Star appointed J.P.Morgan and UBS to assist them in this strategic review.

The EPISO 4 opportunistic fund, advised by Pan-European real estate manager Tristan Capital Partners, has acquired the Avenir Business Park office complex in Western Prague from debt restructuring firm Lone Star.