Ghelamco flexes its muscles
Investment & finance
POLAND Ghelamco Invest plans to raise PLN 250 mln from a public offer of 2.5 mln bonds, hoping to tempt investors with new projects. The company is also in the process of obtaining bank financing. It is currently in negotiations over the lease of an amount of space in the Warsaw Spire project, which will comprise a total of 109,000 sqm. The potential tenants are from the financial sector (a total area of app. 34,500 sqm), from the IT and new technologies sector (app. 31,000 sqm), from the consultancy sector (app. 4,000 sqm) and from the public sector (app. 12,000 sqm). So far the tenants secured for the complex are Frontex – the European Agency for the Management of Operational Cooperation at the External Borders of the Member States of the European Union (14,600 sqm) and BNP Paribas Securities Services (4,000 sqm).
Not only The Spire
Ghelamco could potentially build app. 50,000 sqm of additional office and useable space on plots next to the Warsaw Spire. The Spire project will also involve the construction of the Chopin Tower residential skyscraper at some unspecified time in the future. In Warsaw’s Służewiec district Ghelamco has also secured the first tenant for an office project under development at ul. Wołoska 24, which will add 21,300 sqm to the market. Its first tenant, Arval Polska from the BNP Paribas group, has concluded a lease for almost 2,500 sqm of offices. The developer has also finalised a EUR 34.1 mln loan agreement with PKO BP over financing the office building. An additional PLN 10 mln has been granted to the developer to finance the VAT on the project. The next project to be carried out by the company will most probably be the Sienna Towers office complex, which is to be built on the Rondo Daszyńskiego roundabout in Wola distri
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