Globalworth snaps up two 'high quality' office buildings in Poland

AIM-listed real estate outfit Globalworth has acquired two "high quality" office building in the Polish capital of Warsaw for a total of €190m, before working capital and other customary adjustments.

Globalworth's newly acquired properties, Skylight and Lumen, are located above the Złote Tarasy shopping centre in the heart of Warsaw's central business district, benefiting from "excellent connectivity" to the city's main train station, other means of public transport and the amenities of an "established and well-recognised mixed-use complex".

The property investor said on Thursday that its acquisition of the buildings, which offer a gross leasable area of 45,500 sqm over 18 and eight storeys respectively, was funded from its existing cash resources.

With a current occupancy of approximately 89%, Globalworh said the properties already had a contracted rental income of roughly €11.5m per annum.

As of 1420 GMT, London-listed Globalworth shares had dipped 3.53% to €8.20 each.