CATEGORY
Office Developer of the Decade, Poland
Ghelamco Poland is the leader of the commercial property market in Poland and a pioneer in sustainable construction, public space design, smart buildings and innovations. Over the past 28 years the company constantly strengthens its leading position as an investor, developer and general contractor by delivering over 1,100,000 sq. m of best-in-class office, residential, commercial and warehouse space. As a visionary in the industry, for years Ghelamco has continued to implement pioneering concepts of innovative, technologically advanced buildings which set new trends on the property market in Poland. The developer's portfolio includes the most prestigious office projects in Poland, with the famous Warsaw Spire as the flagship. Currently Ghelamco has 4 high-rise buildings under construction for 170 sq. m. Ghelamco team consists of more than 170 motivated professionals of real estate and construction fields.
Name of company
Ghelamco Poland
Name of president or managing director for Poland
Jeroen van der Toolen
President or managing director for Poland profile
Jeroen van der Toolen is the head of Ghelamco in CEE region and has been responsible for all company’s operations for last 13 years. During 2019, under leadership of Jeroen van der Toolen, Ghelamco sold Warsaw Spire tower, Wronia 31 and .big office buildings, and carried out one of the most significant leases on the Polish office market. The company expanded operations to regional real estate markets and continues developping flagship investments in the capital: The Warsaw HUB and Warsaw UNIT.
Portfolio of all completed properties currently held by your company
Ghelamco's business strategy is based on building, leasing and selling finished projects. Currently, the company is the owner of Wołoska 24 office building (22,500 sq. m) and Bellona office building (6,000 sq. m). The construction phase includes The Warsaw HUB (113,000 sq. m) and Warsaw UNIT (57,000 sq. m).
Market value of projects currently held by company (in EUR)
1.1 billion euro (projects completed and under advanced construction)
Size of projects currently held by company (GLA)
28,500 sq. m office space completed and 170,000 sq. m of office space under advanced construction
Projects completed between October 2009 and September 2019
• Trinity Park III (28,000 sq. m, Warsaw) • Crown Square (16,000 sq. m, Warsaw) • Katowice Business Point (17,200 sq. m, Katowice) • Mokotów Nova (41,000 sq. m, Warsaw) • Senator (25,000 sq. m, Warsaw) • T-Mobile Office Park (49,000 sq. m, Warsaw) • Łopuszańska Business Park, (17,000 sq. m, Warsaw) • Bellona (6,000 sq. m, Warsaw - modernization) • Warsaw Spire (109,000 sq. m, Warsaw; market value of the three buildings of the complex is over EUR 586 million) • Wołoska 24 (22,500 sq. m, Warsaw) • Przystanek mBank (24,000 sq. m, Łódź) • Wronia 31 (16,000 sq. m, Warsaw; market value: EUR 74,2 million) • .big (11,500 sq. m, 2018, Cracow; market value: EUR 33,0 million)
Market value of projects completed between October 2009 and September 2019 (in EUR)
More than EUR 2 billion
Size of projects completed between October 2009 and September 2019 (GLA)
382 200 sq. m
Properties sold between October 2009 and September 2019
• Trinity Park III (28,000 sq. m, Warsaw) • Crown Square (16,000 sq. m, Warsaw) • Katowice Business Point (17,200 sq. m, Katowice) • Mokotów Nova (41,000 sq. m, Warsaw) • Senator (25,000 sq. m, Warsaw) • T-Mobile Office Park (49,000 sq. m, Warsaw) • Łopuszańska Business Park, (17,000 sq. m, Warsaw) • Warsaw Spire (109,000 sq. m, Warsaw; market value of the three buildings of the complex is over EUR 586 million) • Przystanek mBank (24,000 sq. m, Łódź) • Wronia 31 (16,000 sq. m, Warsaw; market value: EUR 74,2 million) • .big (11,500 sq. m, 2018, Cracow; market value: EUR 33,0 million)
Market value of properties sold between October 2009 and September 2019 (in EUR)
More than EUR 1,3 billion
Size of properties sold between October 2009 and September 2019 (GLA)
353,700 sq. m
Projects under construction
The Warsaw HUB (113,000 sqm), Warsaw UNIT (57,000 sqm)
Market value of projects in progress (in EUR)
approx. 850-900 million euro
Size of projects in progress (GLA)
170,000 sq. m
Pipeline projects
Warszawa Gdańska (app. 165,000 sqm), Nowe Centrum Łodzi (app. 82,000 sqm), Plac Grzybowski (app. 43,000 sqm), Project in Katowice (25,000 sqm), Synergy Business Park (app. 67,000 sqm), Postępu Business Park (29,000 sqm), Sobieski Tower (35,000 sqm), Project in Krakow (24,000 sqm)
Total space leased over a decade (between October 2009 and September 2019) and main tenants.
Main tenants of commercial space delivered by Ghelamco are representatives of international companies, startups, EU agencies and governmental institutions searching for top quality office area. The list of the biggest tenants gained in recent years includes: InterContinental Hotels Group (21,000 sq. m in The Warsaw HUB), mBank (24,000 sq. m in Przystanek mBank), Samsung Electronics (21,000 sq. m in Warsaw Spire), Frontex and Centre for EU Trasport Projects (21,000 sq. m in Warsaw Spire), State Street (9,000 sq. m in .big) and BNP Paribas Securities Services (8,000 sq. m in Wronia 31), Getin Noble Bank (18,500 sq. m in The Warsaw HUB), Warta (20,000 sq. m in Warsaw UNIT). The whole area leased is about 482,000 sq. m.
How much land has the developer purchased over the decade and how big is the total area it has built up?
The land bank owned by Ghelamco will be used to build another 700,000 sq. m.
Innovations and new technological systems featured in the properties.
Ghelamco’s flagship project The Warsaw HUB will provide its tenants numerous sophisticated solutions, e.g. access to and navigation around the building using a smartphone, a car recognition system in the underground parking, and a charging station for electric cars. The Warsaw HUB will be equipped with the most modern HI-FOG fire protection system – a highly safe technology for protecting life and property in tall buildings. HI-FOG uses significantly smaller amounts of water compared to traditional sprinklers therefore it requires less space for water tanks and piping. This is translated into space and structural loads savings, but it also reduces water damage, cleanup time and operational downtime after system activation. As part of the project preparation, snow and wind tests were carried out, including analysis of solar reflections, icing and snow accumulation, and wind analysis using wind tunnel. The results were used in process of designing of the building and the closest area.
Annual income and net profit
In the last 10 years net profit reached about EUR 500 million.
The milestones in the company’s history over the last decade – the key events that are a measure of the company’s development and success, the scale of its development, the number of employees now and 10 years ago, new services, new markets etc.
• 2010 – Trinity Park III as the first office building in Poland obtained BREEAM certificate • 2011 – commencement of the construction of the developer's flagship project – Warsaw Spire near the Daszyńskiego roundabout in Warsaw's Wola district, which initiated the dynamic development of this part of the city • 2016 – beginning of the construction of The Warsaw HUB – the most innovative project arising currently in the new business center of Warsaw, an example of high-class architecture and city forming functions • 2017 – Warsaw Spire awarded, as the first property in Poland, with the title of the best office investment in the world at the MIPIM Awards • 2018 – Wronia 31 received BREEAM certificate with the Outstanding rating for the Post Construction stage, thus becoming the only office building in Poland certified in the latest BREEAM International 2013 News Construction system with such a high rating
Please say why your company should be considered for the award
• Leader on Polish office market with a portfolio including the most prestigious office projects in Poland – Warsaw Spire, The Warsaw HUB and Warsaw UNIT • A pioneer in sustainable construction, public space design, smart buildings and innovations, setting new trends on the property market in the country • A visionary in the industry: 1) discovering the potential of the Mokotów district and introducing the concept of a business park in Poland; 2) initiating the development of a new business center in Wola district • Active creation of valuable urban tissue – The European Square as a model example of an attractive space designed for the inhabitants • A number of prestigious awards in national and international competitions: MIPIM Awards, CEEQA, International Property Awards, Eurobuild Awards, CIJ Awards, BREEAM Awards, Hall of Fame Awards, Architectural Award of the President of Warsaw, Accessibility Leader and others
Company website
www.ghelamco.com