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GHELAMCO HAS SOLD THE HOTEL TOWER IN THE WARSAW HUB COMPLEX TO CORUM XL

CATEGORY
Investment Deal of the Year, CEE
The Paris-based Corum XL fund, with ca. 2 billion euros in assets value, has become the owner of a 21-storey tower, managed by the IHG Hotels & Resorts chain, with a 212-room Crowne Plaza and a 218-room Holiday Inn Express with a total space of ca. 21,000 sqm. The building also houses the Nova Wola restaurant, Signature Bar in the lobby, The Roof skybar on the 21st floor, a gym, sauna and a conference center with 30 rooms covering more than 1,400 sqm. The final agreement was signed on 18 December. Ghelamco Hotel will remain the tenant of both hotels. The transaction value was EUR 69 million.
Name of the deal
GHELAMCO HAS SOLD THE HOTEL TOWER IN THE WARSAW HUB COMPLEX TO CORUM XL
The date of closing the deal
18 December 2023
Value of the transaction (in EUR)
69000000
Yield
-
Seller, plus brief information about the company
Ghelamco Poland is the leader in the Polish office market and a pioneer in the fields of ESG, placemaking and innovation in real estate industry. In its 33 years of operations as an investor, developer and general contractor, the company has cemented its leading position by delivering over 1,200,000 sqm of office, residential, retail and warehouse space. The company is part of the Ghelamco group, one of the largest international developers in Europe with operations in Belgium,Poland, and the UK.
Consultancy which advised Seller
Greenberg Traurig, RymarzZdort, MDDP, Cushman & Wakefield and CBRE
Purchaser, plus brief information about the company
The Paris-based Corum XL fund, with ca. 2 billion euros in assets value.
Consultancy which advised Purchaser
Hogan Lovells and Gleeds
Financing institution
-
Current occupancy level
100
Please say why this deal should be considered for the award
Corum XL has become the owner of a 21-storey tower, managed by the IHG Hotels & Resorts chain, with a 212-room Crowne Plaza and a 218-room Holiday Inn Express with a total space of ca. 21,000 sqm. The building also houses the Nova Wola restaurant, Signature Bar in the lobby, The Roof skybar on the 21st floor, a gym, sauna and a conference center with 30 rooms covering more than 1,400 sqm. Ghelamco Hotel will remain the tenant of both hotels. The transaction value was EUR 69 million.