Warsaw—Dentons’ Real Estate team in Warsaw has advised Ghelamco on the sale of a 50% stake in the Warsaw Spire tower (Building A), the tallest office tower in Central Europe, to Madison International Real Estate Liquidity Fund VI LP. The value of the tower is approximately €350 million, which makes the sale one of Poland’s largest office real estate transactions in recent years.

The 220-meter high Warsaw Spire tower offers 64,500 square meters of office space on 49 floors. The building is almost fully let to international tenants such as Samsung, JLL, Mastercard, Shire, The Heart, Daftcode, Panattoni and Ghelamco.

Ghelamco’s flagship office development is conveniently located at Rondo Daszyńskiego, Warsaw’s new business district. It is the most dynamically growing part of the city with efficient public transport connections. Plac Europejski, located at the foot of the building, is an integral part of the project providing general-access space with fountains and greenery. 

Partner Bartłomiej Kordeczka led the transaction team with the support of senior associates Ewelina Klein, Kamila Urbańska, and Hanna Żarska.

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