IMMOFINANZ achizitioneaza cladirea de birouri Warsaw Spire din capitala Poloniei.


Acquisition ofanoffice property with roughly 71,600sqmof total floor space foran agreed property value of approximately EUR 386.0million; transaction subject to approval by the Polish anti-trust authorityExpected rental income ofapproximately EUR 19.6millionperyearstrengthensIMMOFINANZ’s sustainable earning powerMulti-tenanttower is fully rented, average remaining term of contracts nearly five years IMMOFINANZ is acquiringtheWarsaw SpireTower Buildingin the Polish capitalthrough the purchase of the respective property holding companies.This roughly220 metre-high office tower has approximately71,600 sqmof rentable space, with roughly 65,000 sqmrepresenting officesand the remainder used primarily for retail purposes. The agreed property value for the office toweramountstoapproximately EUR 386.0 million.The expected annual rental income based on invoiced rents totals roughlyEUR 19.6 million.The sellers are GhelamcoGroup, whichcompleted the tower in 2016, and Madison International Realty, a global Real Estate Private Equity Firm.“This transactionrepresents a stronggrowth step forIMMOFINANZ.In accordance with our strategy, we first concentrated our portfolio and will now significantly strengthen our standing investments and sustainable earning power with this top property“, indicatedCEOOliver Schumy on the planned acquisition. ”Warsaw is one of the most promising office markets in our core region due to its dynamic developmentand favourable economic indicators.“The acquisition was approved today by the IMMOFINANZSupervisory Board. The contract signing isexpected to take place shortly, as is the filing of the necessary acquisitiondocuments with the Polish anti-trust authority. Provided the transaction is approved by the anti-trust authority, the closing is expected to take place within the comingweeks. The transaction will be financed with both equity and debt. TheWarsaw Spire Tower (building section A) has 49floors and isthe highest office tower inWarsaw. The office space is fully rented, among others toGoldman Sachs, Samsung, JLL and Mastercard. The average remaining termof the contracts(WAULT) equalsapprox. 4.6years. The tower is situated in the rapidly growingCity Center Westdistrict.The location next totheDaszynskiegoroundabout on Plac Europejski offers excellent connections for private transport as well as public transportation, for example with a station in Warsaw’s new second underground lineand numerous tram and bus connections.


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