by Property Forum | Investment

Alides, the Ghent-based property developer and investor, has purchased Gdańsk’s Waterside office complex from DEKA Immobilien. The building has a marketable surface of 9,320 sqm and is located in the historic Old Town. This is Alides' second acquisition in Gdańsk, following the purchase of the Imperial Shipyard in 2017 together with Revive.  The purchase price has not been disclosed.


"Gdańsk is a historic city and we are very excited about strengthening our position here," says Alides` CEO Rikkert Leeman. "After the Imperial Shipyard, we now have another strategic location in our portfolio with Waterside. The building complex is located along the water, close to the old town and marina, in a dynamic neighbourhood that is being strongly upgraded. In short, a location that perfectly matches our ambition."

"In addition to offices, the complex also houses a bank, various shops and a hostel,” adds Rikkert Leeman. "The potential of the site is enormous. The intention is to redevelop the property in the medium term into a mixed-use project that meets the needs and qualities of the surrounding neighbourhood. We are thinking of retail, offices and flats with a view of the water that are close to the historic centre of Gdańsk."

Avison Young and DPPA Legal Grzonek Machczyński Świdnicki adwokaci i radcowie prawni sp. p. provided advice to the seller, while CBRE and Dentons represented the buyer.

“CBRE are proud to have supported our client Alides REIM BV in their acquisition of Waterside. This truly unique property offers unparalleled potential given the uniqueness of the waterfront location and the fact it overlooks Granary Island in the very heart of Gdańsk city centre. We're extremely grateful for the professionalism and determination of the Alides team throughout the process and we look forward to working with them again in the nearest future,” according to Jonathan O’Neill, Consultant, Capital Markets at CBRE Poland.

The Waterside complex is located along Dlugie Ogrody Street, in a prominent location by the Motlawa River. The location provides quick access both to the historic city centre as well as to the economic environment of the Tri-City metropolitan area, being Poland’s fourth-largest metropolitan area with a population approaching 1 million.

Dlugie Ogrody Street is served by trams and buses, and Gdańsk Central Station is 3.6 km from the building. Gdańsk airport is located just 18km from the Waterside.