Warsaw has once again proven its position as a leading commercial real estate market in Central and Eastern Europe. Warsaw’s record transaction – the sale of the Warsaw Unit office building for a record €280 million – is not only a local event. It is the largest office transaction in Europe in 2024. What is behind this spectacular deal? Who is behind its completion, what did the tenants gain, and what does it mean for Warsaw’s future?
Record deal in Warsaw – Warsaw Unit
Warsaw Unit is one of the most recognizable office buildings in the capital. Its imposing silhouette dominates the Daszyńskiego traffic circle – a modern business center that is becoming a symbol of Warsaw’s dynamic development.
Key information about the building – case study:
- Location: Daszyńskiego Roundabout, the heart of Warsaw City.
- Height: 202 meters.
- Lease area: 59 800 m².
- Number of floors: 46 above ground and 3 underground.
- Parking spaces: 400.
- Organic certificates: BREEAM Outstanding and WELL Core v2 Platinum – the highest standards for sustainable construction.
Record deal in the capital – who, what and for how much?
The seller of the Warsaw Unit is Belgian developer Ghelamco, known for its prestigious projects changing the skyline of Warsaw. The buyer is the Swedish company Eastnine. With this transaction, the company has gained a strategic entry into the Warsaw office real estate market.
Transaction details:
- Sales amount: 280 million euros.
- Method of financing:
- 168 million in green bank loans from Helaba and Erste Group.
- Issue of new Eastnine shares worth €8.76 million to Ghelamco.
- Using own funds and a €10 million loan from Estonia’s LHV pension fund.
About Warsaw Unit? Exceptional building, exceptional deal
Warsaw Unit is one of the most distinctive office buildings in Warsaw, rising 202 meters above Daszyńskiego traffic circle – the new business center of the capital. Completed in 2021 by Ghelamco, it offers 46 floors and 60,000 sqm of prestigious office space and 400 parking spaces. Its BREEAM Outstanding and WELL Core v2 Platinum certificates confirm its exceptional environmental quality. The building, leased by brands such as Amazon, Warta and CBRE, has become a symbol of Warsaw’s success as a business capital. Its sale for a record €280 million is the largest office transaction in Europe in 2024.
Tenants and building potential:
- Fully rented By more than 20 tenants, which provides a stable income.
- Annual rents: an estimated €18 million.
- Main companies:
- Warta (headquarters),
- Amazon,
- Stryker,
- Moderna,
- CBRE,
- Panattoni.
What does this deal mean for the market?
For Warsaw:
Warsaw has confirmed its position as a regional leader in the commercial real estate market. Investors are increasingly willing to choose Poland’s capital, appreciating its rapid development, modern infrastructure and economic stability.
For Eastnine:
With the acquisition of the Warsaw Unit, Poland has become the largest market in Eastnine’s portfolio and accounts for more than 50% of the value of their properties. For the company, this directly means an 18% increase in property management profits. Its position as an important player in the market is growing.
For tenants:
The new owner pledges to maintain high service standards and invest in sustainable solutions. For tenants, this means continuing to enjoy a prestigious location and the best working conditions.
What does a record deal in Warsaw mean? The future of the real estate market
The sale of the Warsaw Unit shows that Warsaw is attracting world-class investors by offering top-quality real estate. The dynamic development of the district around the Daszyński traffic circle, the increasingly better infrastructure and the increase in the number of global companies locating their offices here testify to the city’s huge potential.
Warsaw Unit is a symbol of success Warsaw internationally and proof that the Polish capital is one of the most attractive commercial real estate markets in Europe today. This transaction sets new standards and may inspire further investments.
Luxury News Editor
Consulting Premium
Source: eastnine.com
The company: Eastnine
