Announced
Completed
Financials
Tags
Poland
real estate
Majority
Completed
Acquisition
Single Bidder
Real Estate Services
Private
Friendly
Synopsis
Globalworth, a listed real estate company active in Central and Eastern Europe, agreed to acquire additional 21.58% stake in Globalworth Poland Real Estate from Growthpoint properties for $180m. Globalworth exposure to Poland is held through its shareholding in GPRE, a real estate company listed on the Warsaw Stock Exchange. As at 31 December 2018, GPRE had a portfolio of €1.2bn, primarily in the office sector, across six primary cities in Poland, rising to €1.4bn following the two acquisitions announced on 3 April 2019.
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