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Ghelamco sells three office properties to Starwood Capital Group

T-Mobile Office Park

In what marks one of the biggest office transactions of the year in the dynamically developing Polish real estate market, Ghelamco, a leading office developer in the CEE region has finalized the sale of three major office projects to a controlled affiliate of leading global private investment firm Starwood Capital Group. Terms of the transaction were not disclosed.

The unprecedented sale of three office investments by Ghelamco demonstrates the growing dynamism of Polish real estate market and its increasing significance for global investors as well as the leading position of Ghelamco in the region.

The three properties comprise 78,000 sqm of total office space. T-Mobile Office Park and Łopuszańska Business Park, both completed in May 2013, are conveniently located within the business areas of Warsaw’s Mokotów and Włochy, while Katowice Business Point, constructed in 2010, is situated in the very center of Katowice. The buildings have already been a commercial success, as they are almost 100% leased to prominent tenants including T-Mobile, Citibank, Allianz, Alior Bank, Tauron, PwC and Żywiec.

The projects are also distinguished by sustainable solutions, as all are certified in BREEAM (Building Research Establishment Environmental Assessment Methodology). T-Mobile Office Park was the first building in Poland to obtain the BREEAM Excellent certification.

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