Manova Partners has announced its first European acquisition as an independent manager with the purchase of Vibe A, a newly built office building in Warsaw.

The Ghelamco-owned VIBE office building, located in the center of Warsaw, has received DGNB New Buildings International 2020 Gold certificate. This is the first office building in Poland to have such certification.

For Ghelamco, 2024 was marked by the sale of the Warsaw UNIT office building. The developer also commissioned and fully commercialized Warsaw’s VIBE office building, announced new real estate projects in the capital and Gdynia, and reported satisfactory sales results in the residential segment. For this year, Ghelamco has announced more office and residential developments, as well as completion of its flagship project in Warsaw: the 174-meter skyscraper The Bridge in the city centre. 

The Vibe office building, developed by Ghelamco in the business centre of Warsaw, has received BREEAM certification with the highest possible rating of Outstanding.

DL Invest Group has taken over the Craft office building in Katowice from Ghelamco and will change its functions. DL Craft will become a multifunctional complex offering premium office space, a hotel, restaurants and a medical clinic. The value of the transaction has not been disclosed.

Ghelamco has sold its flagship development in downtown Warsaw – the Warsaw UNIT skyscraper at Rondo Daszyńskiego. It was acquired by the Swedish real estate company Eastnine AB for €280 million. This is the largest office market transaction that has been concluded in Europe this year.

Ghelamco has secured bank financing for its key project in Poland – The Bridge office complex in downtown Warsaw. The construction and investment loan was provided to the developer by Santander Bank Polska, which will also be an anchor tenant of the skyscraper.

Santander Bank Polska, one of the largest financial groups and the largest bank with private capital in Poland, has become an anchor tenant of The Bridge, which is being built in the business center of Warsaw. The bank has signed a lease agreement with the developer and investor of the building – Ghelamco – for an area of approximately 24,500 sqm (nearly 21,000 sqm of usable area). This is the largest transaction on the Polish office market since 2022.

Companies from PKP Group – PKP S.A. and Xcity Investment – and from Ghelamco Group are resuming cooperation that was interrupted years ago. An annexe to the investment agreement has been signed, which will enable the resumption of preparations for large-scale joint investment. It will include the construction of a new Warszawa Gdańska railway station and a complex of four mixed-use commercial buildings with an estimated total area of about 100,000 sqm.

Cushman & Wakefield has been appointed as the property manager of the Vibe office building in Warsaw’s Wola district.