Globalworth announced that Globalworth Poland (GPRE) has completed two acquisitions in Poland, which were identified as part of its acquisition pipeline announced on 11 March 2019, for a combined transaction value of €169.9 million. The first acquisition, completed on 26 March 2019 for €37.0 million, is Rondo Business Park, located in the northern part of Krakow. It offers a gross leasable area of 17.8k sqm across three buildings, current occupancy of 90% and an annualised contracted rent of €3.0 million. Rondo Business Park is multi-tenanted with a weighted average unexpired lease length of nearly 4.5 years, with Capgemini as the principal tenant. This investment is strategically located being directly adjacent to Quattro Business Park, which GPRE acquired in June 2018, creating critical mass and a combined campus of over 75k sqm. The second acquisition, which was completed for €132.9 million2, is Warsaw Trade Tower (WTT), a 38-storey tower located in the Wola district of Warsaw's extended CBD. WTT is one of the tallest towers in Warsaw, with a gross leasable area of 45.4k sqm, and benefits from the lobby and the majority of the common areas having been fully refurbished. With current occupancy of 88%, it has an annualised contracted rental income of €9.0 million, which is anticipated to rise to €10.1 million on full occupancy. The property is multi-tenanted, with a weighted average lease length of 2.2 years, with AXA as the large tenant alongside other international companies including American Express, Leroy-Merlin and Mattel.