Globalworth acquires Warsaw’s Warta Tower for €55 mln

Image: Globalworth Poland

Investor Globalworth Poland (formerly Griffin Premium RE) has finalized its acquisition of the Warta Tower office building in central Warsaw for €55 million. The 21-floor property, which was completed in 2000, comprises approximately 28,000 sqm of GLA with Warta Insurance being the anchor tenant.

The purchase of Warta Tower marks the fourth office acquisition by Griffin Premium RE since December 2017 when Globalworth secured a controlling 72-percent stake in the company. Globalworth Poland has the ambition to become the leading office landlord in Poland in the coming years.

“Globalworth Poland is very excited to be growing its portfolio with the acquisition of this sizable, landmark asset in Warsaw, following on from the high-quality offices in Wroclaw, Gdańsk and Katowice acquired in December 2017. In addition to an attractive current income, this property offers excellent asset management potential,” said CEO Małgorzata Turek.

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