CA Immo purchased Building B of the Warsaw Spire Complex

CA Immo signed and closed a Sales and Purchase Agreement to acquire the centrally located Warsaw Spire Building B landmark Class-A office building comprising of 21,600 sqm GLA in Warsaw, Poland. The transaction volume of the fully rented asset amounts to around € 100 m, the annual gross rental income reaches around € 6 m.
Name of the deal CA Immo purchased Building B of the Warsaw Spire Complex
Information about the transaction project/projects/portfolio CA Immo signed and closed a Sales and Purchase Agreement to acquire the centrally located Warsaw Spire Building B landmark Class-A office building comprising of 21,600 sqm GLA in Warsaw, Poland. The transaction volume of the fully rented asset amounts to around € 100 m, the annual gross rental income reaches around € 6 m.
The date of closing the deal 28.09.2017
Value of the transaction (in EUR) € 100 m
Yield ----
Seller, plus brief information about the company Ghelamco Poland is the leader of the commercial property market in Poland and a pioneer in sustainable construction, public space design, smart buildings and innovations. Over the past 26 years the company has built its leading position as an investor, developer and general contractor by delivering over 1,100,000 sqm of best-in-class office, residential, commercial, and warehouse space. The company’s flagship investment is Warsaw Spire with Plac Europejski (European Square), awarded a title of the best office building in the world in a prestigious competition MIPIM Awards 2017.
Consultancy which advised Seller ---
Purchaser, plus brief information about the company About CA Immo
CA Immo specialises in office properties in Central European capitals. The company was founded in 1987 and operates today in the core markets of Austria, Germany, Poland, Hungary, Czechia and Romania. CA Immo is listed on the Vienna Stock Exchange and included in the ATX index and holds property assets of around € 4 billion.
Consultancy which advised Purchaser Greenberg Traurig (legal), KPMG (tax) and Arcadis (technical)
Financing institution ---
Current occupancy level 100%
Please say why this deal should be considered for the award The Warsaw office market is highly dynamic, with only a limited number of core investment opportunities. Housing a European Union tenant with a long-term commitment to the property, the Warsaw Spire Building B is a high-quality landmark scheme and a valuable addition to CA IMMO core portfolio. It will provide CA IMMO with secure cash flow, strengthen our portfolio on the Warsaw core market and is a perfect complement to our high-growth development activities in Germany.
Name of the deal
CA Immo purchased Building B of the Warsaw Spire Complex
Information about the transaction project/projects/portfolio
CA Immo signed and closed a Sales and Purchase Agreement to acquire the centrally located Warsaw Spire Building B landmark Class-A office building comprising of 21,600 sqm GLA in Warsaw, Poland. The transaction volume of the fully rented asset amounts to around € 100 m, the annual gross rental income reaches around € 6 m.
The date of closing the deal
28.09.2017
Value of the transaction (in EUR)
€ 100 m
Yield
----
Seller, plus brief information about the company
Ghelamco Poland is the leader of the commercial property market in Poland and a pioneer in sustainable construction, public space design, smart buildings and innovations. Over the past 26 years the company has built its leading position as an investor, developer and general contractor by delivering over 1,100,000 sqm of best-in-class office, residential, commercial, and warehouse space. The company’s flagship investment is Warsaw Spire with Plac Europejski (European Square), awarded a title of the best office building in the world in a prestigious competition MIPIM Awards 2017.
Consultancy which advised Seller
---
Purchaser, plus brief information about the company
About CA Immo
CA Immo specialises in office properties in Central European capitals. The company was founded in 1987 and operates today in the core markets of Austria, Germany, Poland, Hungary, Czechia and Romania. CA Immo is listed on the Vienna Stock Exchange and included in the ATX index and holds property assets of around € 4 billion.
Consultancy which advised Purchaser
Greenberg Traurig (legal), KPMG (tax) and Arcadis (technical)
Financing institution
---
Current occupancy level
100%
Please say why this deal should be considered for the award
The Warsaw office market is highly dynamic, with only a limited number of core investment opportunities. Housing a European Union tenant with a long-term commitment to the property, the Warsaw Spire Building B is a high-quality landmark scheme and a valuable addition to CA IMMO core portfolio. It will provide CA IMMO with secure cash flow, strengthen our portfolio on the Warsaw core market and is a perfect complement to our high-growth development activities in Germany.

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