Poland Ghelamco sells Warsaw Unit!

Eastnine AB and Ghelamco have signed a sales agreement for the Warsaw Unit skyscraper located in the centre of Warsaw for an underlying property value of EUR 280 mln, the equivalent of more than PLN 1.2 bln. This is a record transaction in the office market in 2024 not only in Poland, but also in the entire Europe. With the height of 202 meters and almost 60,000 sqm of leasable space, the office building is one of the most modern and environmentally friendly buildings of its class on the continent. The building is fully commercialized and its largest tenants include: Warta, Moderna, CBRE, Stryker, Amazon, OmniOffice and Imperial Tabacco.

Warsaw Unit sets the highest standards in the Polish and European office market. It is an office icon of the capital, which in terms of the quality of the working environment and sustainable solutions not only matches the best Western European developments, but in many respects surpasses them. We are very pleased that this was appreciated by our partners at Eastnine, for whom these aspects are very important when building a real estate portfolio. We congratulate them on their choice and are confident that Warsaw Unit is in the right hands, ensuring that it will remain among the best and most prestigious office addresses in Warsaw.
Jarosław Zagórski, Managing Director, Ghelamco Poland

This transaction is an important and optimistic signal for the entire real estate industry as investors have resumed purchases and do not shy away from investing in promising assets that meet strict ESG requirements. Acquiring a building in a central location characterised by strong tenant demand, a limited supply of new projects and the prospect of rising rents is a safe long-term investment.
Rafał Gierczak, Board Member, Head of Asset Management, Ghelamco Poland

Eastnine AB is a Swedish company listed on Nasdaq Stockholm Mid Cap, Real Estate, which focuses on modern, sustainable and high-yielding office properties in prime locations across selected markets in the Baltics and Poland.

We are very grateful for the opportunity to acquire this gem from Ghelamco. Warsaw Unit is an iconic building and represents everything we are looking for in an investment. The vibrant location, the highest ESG standards and the multinational tenants mix fit perfectly into the Eastnine strategy. We will make sure Warsaw Unit remains among the best and most prestigious offices in the city.
Kestutis Sasnauskas, CEO Eastnine AB

On Ghelamco's side, among the advisors in the transaction were: Dentons, Deloitte, MDDP, Rymarz Zdort Maruta and CBRE. Signal Capital fund was the seller's pref-equity partner. The buyer, Eastnine, was advised by: Greenberg Traurig, JLL, Gleeds, Arcadis and Koda.

Warsaw Unit offers nearly 60,000 sqm of office space on 46 floors. The building was the first in Poland to receive WELL Core v2 certification with the Platinum rating and BREEAM with the highest possible Outstanding rating for high-rise building. Its sustainability is also confirmed by certification in the WELL Health-Safety Rating, Green Building Standard and “Barrier-Free Facility” systems.