Globalworth Real Estate Investments Limited signed a preliminary sale and purchase agreement to acquire two office developments in Warsaw and Krakow, Poland from Cavatina Spolka Z Ograniczona Odpowiedzialnoscia for approximately €190 million.

Globalworth Real Estate Investments Limited (AIM:GWI) signed a preliminary sale and purchase agreement to acquire two office developments in Warsaw and Krakow, Poland from Cavatina Spolka Z Ograniczona Odpowiedzialnoscia for approximately €190 million on November 4, 2019. The final consideration is to be determined on the leasing status of the office developments at completion and after customary deductions. The final sale and purchase agreement is expected to be executed in the first quarter of 2020.

The preliminary sale and purchase agreement is subject to various conditions. The transaction is scheduled for completion for the first quarter of 2020. Alina Vaskina of Panmure Gordon acted as financial advisor for Globalworth Real Estate.