We are pleased to announce that we supported Globalworth in connection with the sale of the Warta Tower office building to a company belonging to the Cornerstone Investment Management investment platform. The transaction was valued at over EUR 63 million. Warta Tower is one of the most recognisable office buildings in Warsaw. The building is located on ul. Chmielna near Aleje Jerozolimskie and offers approximately 33.7 thousand sqm of leasable space.
Globalworth is a real estate company listed on the AIM segment of the London Stock Exchange operating in Central and Eastern Europe that acquires, develops and directly manages office and industrial properties. The company’s total portfolio is worth approximately EUR 3.2 billion.
Cornerstone Investment Management is a private equity investment management firm with assets worth approximately EUR 7 billion that invests in a variety of sectors, including real estate, IT outsourcing, cable television providers, renewable energy, healthcare, food and beverage, and others.
“We are extremely pleased to have been involved in the sale of one of the capital’s most recognisable office buildings. The transaction not only offered us the opportunity to support our client in connection with the implementation of its strategy, but also to take part in a sale that is likely to result in the Warta Building becoming more cost-effective and environmentally friendly as a result of sustainability-focused redevelopment and re-commercialisation plans,” – says Piotr Fedorowicz, a partner and the head of the real estate practice at Rymarz Zdort Maruta.
The work on the transaction was led by Piotr Fedorowicz. Members of the transactional team included Jakub Rachwol,partner, Izabela Skrzypczak,senior associate, Adrian Więsław,senior associate, and Agnieszka Jabłońska, associate.
We would like to thank Globalworth for placing its confidence in Rymarz Zdort Maruta.