Madison acquires 50% stake in Warsaw Spire skyscraper

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 be...

Ghelamco sells two Foksal 13/15 apartments for PLN 17 mln

An anonymous buyer has acquired two luxury apartments covering a combined 470 sqm and located in the Foksal 13/15 project that Ghelamco is currently developing in downtown Warsaw for a total of more than PLN 17 million. This is one of the biggest transactions to have been closed by an individual buy...

Ghelamco touts Foksal 13/15 apartment sales in Warsaw

Developer Ghelamco has revealed that half of the apartments offered in the company’s Foksal 13/15 luxury residential project in downtown Warsaw have already found their buyers. The sales of units in the scheme launched in April last year. The Foksal 13/15 development will involve the renovation of t...

Łódź sells city land for record PLN 85 mln

During an auction on Friday, the city of Łódź sold a plot of land in Nowe Centrum Łodzi (NCŁ) for PLN 85.2 million. This is the biggest land sale in the city’s history. The new owner of the property will be the Ghelamco company, the Łódź magistrate informed PAP.

Locked content Ghelamco to issue PLN 50 mln bonds

Real estate developer Ghelamco will issue four-year bonds for up to PLN 50 million, the company informed in a market filing. Subscription will be held on July 7-20, while the allotment is scheduled for July 21. The redemption date is July 14, 2020, a statement read. Ghelamco Invest is one of the big...

Locked content Ghelamco allocates bonds worth PLN 50 mln

Real estate developer Ghelamco has allocated all 500,000 PPG series bonds, that were offered on April 21, the company reports. “The total nominal value of PPF series bonds stood at PLN 50 million (PLN 100 per bond). The bonds are to be redeemed in March 2020,” the statement informed. Ghe...

Locked content Warsaw Spire gets occupancy permit

Ghelamco’s Warsaw Spire office complex has received an occupancy permit. The opening of the project is scheduled for May 12, 2016, Eurobuild CEE said. The scheme is now over 80 percent leased. Its biggest tenants include Frontex, Samsung, JLL, BNP Paribas Securities Services, Bilfinger HSG Fac...