Jury Awards

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The sale of 50% stake in Warsaw Spire tower (building A) by Ghelamco Poland to Madison International Real Estate Realty

Category: Investment Deal of the Year, CEE

Warsaw Spire is the largest and tallest office complex in Poland, and a landmark of the dynamically developing capital city. It is globally recognized and has won numerous awards, including the world’s Best Office & Business Development at the 2017 MIPM Awards.
The complex comprises three buildings – the 220 m high skyscraper and two 55 m high buildings on the sides, which offer in total 109 000 sqm of top quality office space. The subject of the transaction was 50% stake in the tower building (A), which has 64 500 sqm top quality office space on 49 floors.
Warsaw Spire was opened in May 2016. Less than a year after completion of the construction, 95% of the office space in the building was leased, what confirms the spectacular commercial success of the investment. Today, Warsaw Spire is a workplace for over 8,000 employees.
Warsaw Spire is located in the new business district of the capital at Rondo Daszyńskiego. It is the most dynamically growing part of the city, with strong private and public transport connections, including metro line, as well as multiple tram and bus routes. The great advantage of the building is its location on Plac Europejski, which is the best-developed public space in this part of the city, very popular among the residents of Warsaw.

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