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LONDON (Alliance News) - Globalworth Real Estate Investments Ltd has made two investments in Poland worth over EUR110 million, it announced Friday.
Globalworth has bought newly completed office development Retro Office House in Wroclaw and Silesia Star, an office complex in Katowice.
Retro Office House has annualised rent of EUR3.9 million and is 100% leased, while Silesia Star has annual rent of EUR4.6 million, with 95% occupied.
Globalworth Deputy Chief Executive & Chief Investment Officer Dimitris Raptis commented: "We are delighted to be able to announce these new acquisitions, which follow on from our very successful EUR500 million capital raise earlier this month.
"These investments reinforce our position in both Wroclaw and Katowice, and represent very desirable, well-located properties in these important regional Polish cities. We have announced over EUR280 million of investments in Poland this year, consolidating our position as the most active investor in the Polish office market."
Globalworth shares were up 0.8% in London on Friday at EUR9.20.