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Vacancy in Warsaw keeps falling
DSV moves to Pomeranian Logistics Centre


Warsaw Spire half sold

Rafał Ostrowski 27 April 2018

Rafał Ostrowski


+48 22 356 25 11

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

Warsaw Spire half sold
Warsaw Spire opened in 2016
POLAND New York-based investor Madison International Realty has bought a 50 pct stake in the Warsaw Spire office building in Warsaw on behalf of its Madison International Real Estate Liquidity Fund VI, which has now become the equaljoint owner alongside the Ghelamco GP12 fund.
The entire building has been valued at app. EUR 350 mln. At 220m high and with 49 floors, it comprises 64,500 sqm of office space. It is over 95 pct leased to tenants that include Samsung, JLL, Mastercard, Shire, The Heart, Daftcode, Panattoni and Ghelamco. An integral part of the project is Plac Europejski, located at the foot of the building, which provides a public space with fountains, greenery and street furniture.
“Warsaw Spire sets a new standard for the Polish market so we are very pleased to be partnering with Ghelamco through this landmark deal. The Polish market is set for outperformance and we see this one-of-a-kind asset as well placed to take advantage of this trend,“ Derek Jacobson, co-chief investment officer at Madison International Realty.
Madison International Realty raised USD 1.24 bln for its Fund VI to invest in real estate in 2016.

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