Eastnine completes acquisition of Warsaw office property The Bridge for EUR 240 million
Bitget2026/09/24 22:50- Eastnine completed the acquisition of the 40-story Warsaw office property The Bridge at an underlying property value of EUR 285 million.
- Purchase price totaled EUR 240 million, including EUR 20 million conditional consideration, with EUR 15 million tied to completion of Visa’s premises.
- Funding came from cash, a five-year secured EUR 180 million bank loan from Erste Group, and EUR 34 million from refinanced debt.
- The Bridge was 98% leased at closing; annual rental value was EUR 18.2 million; average lease term exceeded 10 years.
- Profit from property management per share is expected to rise 18% to EUR 0.36 by end-2027; loan-to-value increases to 55%.
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