Sale of The Warsaw HUB complex by Ghelamco Poland to Google
CATEGORY
Investment Deal of the Year, CEE
The Warsaw HUB is a multifunctional skyscraper complex in the most dynamically developing part of Warsaw at Daszyńskiego Roundabout.
The Warsaw HUB is truly futuristic building. As the most technologically advanced complex in Poland it introduced innovations never used before in any office building.
It achieved success despite being opened at the beginning of the pandemic. Now it is almost fully leased. A group of prestigious tenants include renowned international companies such as: Google, Cushman & Wakefield, Oracle, Huuuge Games, Standard Chartered and many more.
The modern architecture of the building is the work of the renowned AMC studio of Andrzej Chołdzyński.
Complex is fully integrated with the city’s main communication hub plus has a unique direct underground connection to the subway.
The Warsaw HUB is the first building in Poland to receive WELL Health-Safety Rating, it also is BREEAM certified on the Excellent level and boast “Object without the Barriers” title.
Name of the deal
Sale of The Warsaw HUB complex by Ghelamco Poland to Google
The date of closing the deal
10th March 2022
Value of the transaction (in EUR)
583 mln EURO
Yield
4,47%
Seller, plus brief information about the company
For 30 years Ghelamco Poland has been the leader of the commercial real estate market in Poland and a pioneer in the field of innovation, sustainable construction and creation of public space.
Ghelamco was also the first developer to recognize the potential of Wola - a location where the new business heart of the capital is being created with skyscrapers such as Warsaw Spire, The Warsaw HUB and Warsaw UNIT, which create the skyline of 21st century Warsaw.
The company's buildings have attracted some of the world's biggest brands to Poland, such as Google, Samsung, Frontex, Moderna and Standard Chartered.
Currently Ghelamco is in the process of constructing The Bridge skyscraper as well as a groundbreaking project of photovoltaic farms which will help the company achieve full energy neutrality.
Consultancy which advised Seller
CBRE, Cushman & Wakefield and Dentons
Purchaser, plus brief information about the company
Google – everyone know what Google is! The third largest company in the world, according to Brand Finance Global 500 2022 report.
Consultancy which advised Purchaser
CBRE, Baker McKenzie
Financing institution
N/A
Current occupancy level
97%
Please say why this deal should be considered for the award
The sale of The Warsaw HUB complex is the largest single asset transaction in the history of the Polish real estate market.
Groundbreaking deal is a symbol of development of Warsaw, which has become a capital of CEE region. The fact that the building was chosen by Google not only confirms the innovation of the project, but also shows the growing position of Poland in the world and will attract many more investors. Deal was cited as an example of strengthening relations between Poland and the U.S.
The transaction was finalized despite the ongoing war across the border. It is an expression of faith in the Polish market, which fosters optimism for the years to come.
