Linklaters has advised Globalworth on its acquisition of Warsaw's Spektrum Tower office building from Europa Capital. Dentons advised Europa Capital on the deal, which was valued at around EUR 101 million.
Spektrum Tower, which is located in Warsaw's Central Business District, offers approximately 29,500 square meters of GLA over 29 storeys and is over 90% let. The occupiers include international firms from a variety of sectors, incuding BuroHappold, Ecovadis, BGZ BNP Paribas, Westwing, and Calzedonia. The property also offers diversified facilities, including one of the largest gyms in Warsaw, a medical center, and two restaurants.
Europa Capital is a real estate fund manager focused on European markets. Since 1995, it has collectively raised nine real estate funds and committed to over 128 transactions totaling more than EUR 10.9 billion across 19 European countries. The sale of Spektrum is the latest transaction signed by Europa Capital within its Europa Fund III.
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is approximately EUR 2 billion. In Romania, Globalworth is present in Bucharest, Timisoara, and Pitesti, while in Poland its assets cover Warsaw, Wroclaw, Lodz, Krakow, Gdansk, and Katowice.
According to Malgorzata Turek, CEO at Globalworth Poland, “in less than a month since our last transaction, which made us the leading office investor on the local market, another property has been added to our portfolio further strengthening our position. Thanks to the acquisition of Spektrum Tower, the value of our Polish portfolio now exceeds EUR 1 billion and reaches almost 375,000 square meters of GLA.”
The Linklaters team was led by Warsaw Real Estate Partner Janusz Dzianachowski and Managing Associate Adriana Andrzejewska, supported by Senior Associates Bartosz Guzinski and Monika Lerka.
The Dentons team was led by the Chairman of Dentons' Europe Real Estate group, Pawel Debowski, supported by Senior Associate Jacek Jezierski, and assisted by Associate Joanna Fidecka.