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Globalworth snaps up Quattro

Alex Hayes 09 May 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Globalworth snaps up Quattro
Quattro Business Park is an office complex of five buildings with a total gla of 60,200 sqm
POLAND Globalworth Poland Real Estate has agreed terms and is conditionally proceeding with the acquisition of Quattro Business Park in Kraków.

Quattro Business Park is a high-quality office complex of five buildings with a total gross leasable area of 60,200 sqm and an annual contracted rental income of app. EUR 10.7 mln. The complex is around 99 pct occupied with a weighted average lease length of around three years. Tenants include Capgemini, Google and Luxoft.

The transaction is to be structured as a corporate acquisition with the purchase price calculated on the basis of a consideration of EUR 139 mln. While the main terms of the transaction have been agreed, the transaction is subject to finalising the documentation, agreeing the remaining conditions between the parties, including the purchase price for the shares of the company owning the asset, obtaining internal corporate consents and obtaining approval from UOKiK (the Office of Competition and Consumer Protection).


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