Ghelamco builds, leases and sells

The deal is subject to approval from the Polish competition authority. The Warsaw Spire tower, (building A of the complex) on the Rondo Daszyńskiego roundabout in the city’s Wola-Centrum business district, contains app. 71,600 sqm of leasable space, around 65,000 sqm of which is offices, while most of the remainder is retail and service space. The transaction for the 220m office tower will take place through the purchase of holding companies owned by Ghelamco Group, which completed the development in 2016, and Madison International Realty, which bought a 50 pct stake in the property in April 2018. At the time of writing, the acquisition had been approved by Immofinanz’s supervisory board, with the contract expected to be signed shortly, but the required documents had yet to be filed with the anti-trust authority UOKiK. The company also expects the closing of the deal to take place in the next few weeks. Immofinanz will be financing the acquisition through both equity and