On September 27, 2021, real estate investor Globalworth signed a preliminary agreement to sell five Warsaw office buildings to 5th Corner – a new investment platform set up by Cornerstone Investment Management and other shareholders.
The transaction is valued at around EUR 123 million, and the buildings that are to be sold are Nordic Park, Bliski Centrum, Batory Building I, Company House I, and Warta Tower. The largest is Warta Tower, reaching 30,000 square meters.
“We are pleased to have executed the sale of these five assets. This transaction will enable our professionals responsible for Globalworth’s portfolio in Poland to focus on larger and more strategic office assets,” commented Globalworth Head of Investments and Special Projects – Poland Lukasz Duczkowski.
Globalworth was represented in the transaction by Rymarz Zdort and Baker McKenzie (financial advisory), and the buyer was represented by Dentons, Colliers, MDDP, and Savills.