Globalworth announced the closing of the acquisition of Quattro Business Park in Kraków by Globalworth Poland.
Quattro Business Park is a high-quality office complex of 5 buildings offering a gross leasable area of 60,200 sqm and has annual contracted rental income of c.€10.7 million, with occupancy of c.99% and a weighted average lease length of c.3 years. Tenants include Capgemini, Google and Luxoft.
The transaction has been structured as a corporate acquisition, with the purchase price based on a consideration of €139 million, before working capital and other customary adjustments, and has been funded from existing cash resources.
