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CA Immo takes second Spire building

Alex Hayes 02 October 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.

CA Immo takes second Spire building
The building generates an annual gross rental income of around EUR 5.4 mln
POLAND CA Immo has purchased the 21,700 sqm building C of the Warsaw Spire complex from Ghelamcofor almost EUR 100 mln. CA Immo is already the owner of building B in the complex

CA Immo was advised by Greenberg Traurig, KPMG and Arcadis. Ghelamco was represented in the transaction by JLL, CBRE and Dentons.

"This is another transaction we have closed with CA Immo, and at the same time it is proof of the trust and satisfaction of both sides that comes from our previous relations. I am happy that the last office building in the Warsaw Spire complex, which is a flagship project for Ghelamco in Poland, was acquired by a stable and reliable investor, who also owns Building B," said Jeroen van der Toolen, the Managing Director for the CEE at Ghelamco.

"The Warsaw Spire Building C is a high-quality landmark development; it will provide us with secure cash flow, strengthen and rejuvenate our portfolio on Warsaw’s core market and will perfectly complement our recent acquisition in Warsaw of the adjacent Spire Building B” says Andreas Quint, the CEO of CA Immo.

Warsaw Spire Building C, completed in 2016, has a gla of 21,700 sqm. The building generates an annual gross rental income of around EUR 5.4 mln.


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