Globe Trade Center, the Warsaw-listed developer-investor, has acquired two office buildings in the Polish cities of Gdansk and Lodz from Hines.
The investment volume for the transactions was not disclosed. Law firm Hogan Lovells advised GTC in the acquisitions, with Dentons providng legal support to Hines.
The assets are Center Neptun in the port city of Gdansk and the Sterlinga Business Center located in the central Polish city of Lodz.
Center Neptun is situated in Wrzeszcz, the main commercial district of Gdansk, on the main arterial road between the city centres of Gdansk, Sopot and Gdynia. The building comprises 16,000 m2 of modern Class A office space over 18 floors, and 160 parking spaces in three underground levels.
The Sterlinga Business Centre — which Hogan Lovells describes as 'the most modern office building in Lodz' — is located in the immediate vicinity of shops, the railway station, and bus and tram stops. The building offers over 13,400 m2 of Class A office space, located on nine floors, with 180 spaces available in underground parking.
