News Article Ghelamco Google investment office Poland Warsaw
by Property Forum | Investment

Ghelamco has announced the sale of office buildings together with a retail and service passage in The Warsaw HUB complex. Google Poland is the purchaser, one of the main tenants of the building.

The Warsaw HUB is a multifunctional skyscraper complex developed in the dynamically developing part of Warsaw at Daszyńskiego Roundabout. Google Poland becomes the owner of the office part, the retail and service passage as well as the underground part of the complex. The transaction value will be determined on the day of signing the final agreement and is expected to amount close to €583 million. Ghelamco was advised in the transaction by CBRE.

Google Poland is at the same time one of the main tenants of the complex and occupies over 20,000 sqm of office space. "Our goal is to create buildings that are sustainable , accessible to all, and that fit into the urban environment. This is exactly what The Warsaw HUB is. We are proud that Google decided to have its headquarters there and at the same time bought this property", says Jeroen van der Toolen, Managing Director for Central and Eastern Europe at Ghelamco.

"The sale of the Warsaw HUB, the largest single office transaction in the history of the Polish and CEE markets, is further affirmation of the strength of the Polish office investment market. CBRE is hugely proud to have led such a landmark transaction between two of our most important clients, which firmly cements Warsaw’s position among the core investment markets globally", adds Sean Doyle, Head of Property Investment at CBRE.

The following companies, apart from Google, are the tenants of the complex, including: Standard Chartered, Cushman & Wakefield, Getin Noble Bank, GATX, Atradius, Elanco, Oracle, Huuuge Games and OmniOffice. The Crowne Plaza and Holiday Inn Express hotels, which remain to be run by Ghelamco, are in one of the complex's three towers.