15:58 14 June 2019
Immofinanz to acquire Warsaw Spire tower for €386 mln
Real estate investor Immofinanz has revealed it is now in the process of acquiring the Warsaw Spire office tower located in the Wola district of the Polish capital from developer Ghelamco (which completed the property in 2016) and private equity firm Madison International Realty. The value of the transaction, which yet needs to be approved by Poland’s anti-trust authorities and is expected to be finalized in the coming weeks, amounts to approximately €386 million. Immofinanz will finance the acquisition with both equity and debt. The 220-meter Warsaw Spire tower – the tallest of the three buildings of the Warsaw Spire complex – comprises around 71,600 sqm of leasable space across 49 floors, including 65,000 sqm of office area. All of the office space in the skyscraper is currently commercialized with major tenants including Goldman Sachs, Samsung, JLL and Mastercard.
(Warsaw Business Journal)
