Madison acquires 50% stake in Warsaw Spire skyscraper

Image: Ghelamco Poland

Investor Madison International Realty has acquired a 50-percent stake in the Warsaw Spire office tower in the Polish capital from developer Ghelamco. This is one of the biggest investment transactions to have been signed in the Polish office property market with the value of the skyscraper having been estimated at approximately €350 million. The flagship project of Ghelamco Poland, Warsaw Spire was completed in 2016 and comprises 64,500 sqm of space that is currently over 95-percent leased out. The 220-meter skyscraper is located in the new office hub in Warsaw’s Wola district and is the tallest office building in central Europe. Its tenants include Samsung, JLL, MasterCard, Shire, The Heart, Daftcode, Panattoni and Ghelamco.

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