Madison International Realty partners with Ghelamco to acquire 50% stake in iconic Warsaw Spire tower
Madison International Real Estate Liquidity Fund VI LP has taken a 50% stake in the iconic Warsaw Spire office tower, becoming an equal owner alongside the Ghelamco GP12 fund. The value of the tower is approx. EUR 350 million. The acquisition is one of the country’s largest office real estate transactions in recent times.
Madison International Realty is a major investor in real estate across the US and in Europe. The investment is in line with its strategy for Fund VI which raised $1.24bn in 2016.
Warsaw Spire with the prestigious award in Czech Republic
Warsaw Spire was awarded in a prestigious architectural and construction Czech competition Stavba Roku. The project won the Foreign Building of the Year category, where the best building developed outside Czech Republic was indicated. The Building of the Year competition is organized by the Architecture and Building Foundation, under the patronage of Czech Ministry of Industry and Trade.
Stavba Roku is the most prestigious architecture and building contest in Czech Republic. It has been organised by the Architecture and Building Foundation for 25 years. Every year almost 70 investment compete in two categories: The Building of the Year and The Foreign Building of the Year.
Ghelamco Sells Building B of the Warsaw Spire Office Complex
One of three office buildings of Warsaw Spire is now under new ownership – CA Immo, specializing in office properties in Central European capitals. The value of the transaction was approx. 100 million euros. This transaction confirms investors’ interest in Daszyński Roundabout and opens the way to new contracts for the purchase / sale of commercial properties in this area. Completed in 2015, Building B is a part of the Warsaw Spire complex, offers 21,600 sq m as well as 263 underground parking spaces. The building is primarily occupied as the Headquarters of Frontex – the European Border and Coast Guard Agency of the European Union.
British Royal Couple Visit Warsaw Spire
On July 17, the British Royal Couple made its first official visit to Poland. After welcoming by President Andrzej Duda in the Presidential Palace and visiting the Warsaw Rising Museum, Prince William and Princess Kate headed to Warsaw Spire. Here at The Heart Warsaw, the center of cooperation between startups and corporations, on behalf of Ghelamco, the Royal Couple was welcomed by Jarosław Zagórski, Commercial and Business Development Director of Ghelamco Poland. At The Heart Warsaw, the Royal Couple met with young entrepreneurs and academics, launching the “Warsaw-London Bridge” initiative to help small Polish companies gain access to global markets.
In the presence of the Royal Couple, results of the competition accompanying the “Warsaw-London Bridge” were announced. The competition aimed to honor entrepreneurs who implemented innovations in the field of new technologies. Awards went to two projects: Whisbear, a medical startup, and Migam, a sign language translator. Both winners received rewards from Prince William and Princess Kate
Warsaw Spire with CEEQA Awards
Warsaw Spire, flagship project of Ghelamco Poland, received another prestigious awards. In the international competition 2017 CEEQA awards organized by CEEQA in association with Financial Times, the building was awarded in two categories: Office Development of the Year and Green Leadership Building of the Year.
CEEQA Awards are given for outstanding achievements in commercial real estate market by jury represented by leading international real estate professionals.
Ghelamco and Warsaw Spire with prestigious awards
Ghelamco Poland and Warsaw Spire keep receiving further prestigious awards. In the Hall of Fame competition organized by real estate magazine CIJ, the Warsaw skyscraper was honoured in three categories. Ghelamco Poland also received the title of the best office developer in CEE region.
During the gala Hall of Fame Awards – Best of the Best 2017 taking place on 6th April in Prague, Ghelamco and its flagship project Warsaw Spire have been honoured with 3 awards in the categories: Best Office Development & Developer of the Year, Leading Green Building & Development of the Year and Environmental Social and Sustainability Award (ESSA).
The Hall of Fame Awards 2017 is the second edition of the prestigious real estate industry competition organized by CIJ magazine. Its aim is to select winners among the elite of developers in the CEE region. During this year’s finals representatives from six countries, including Poland, the Czech Republic, Hungary, Romania, Serbia and Slovakia, competed each other. The jury of the competition was an international group of professionals from the real estate market.
A “Property Oscar” for Warsaw Spire
Ghelamco Poland received the main award in MIPIM Awards 2017, the world’s most prestigious competition in the real estate industry. Warsaw Spire, the developer’s flagship project and at the same time the only Polish investment nominated for this year’s edition, has won in the best office investment category, ahead of projects from London, Rome, and Shenzhen.
For more than 30 years, Cannes, France, has changed into the capital of the global property market. MIPIM fair is attended by all major developers, contractors, investors, consultants and other property market experts from all over the world to share knowledge, build a network of contacts, and present their best projects. The fair is also accompanied by MIPIM Awards, which recognises the best investments worldwide.
This year the most desired statuette on the property market went to Ghelamco Poland. Warsaw Spire was named by the jury and fair attendees as the world’s best project in the Best Office & Business Development category, out of 250 projects from 44 countries.
“MIPIM Awards 2017, which is the most important award on the property market, is the ultimate recognition of the work of Ghelamco Poland and of all the teams which helped us deliver the investment,” says Jeroen van der Toolen, Managing Director CEE, Ghelamco. “I would like to thank all those who believed in our vision by offering their knowledge, time and commitment to Warsaw Spire. The investment has redefined the image of Warsaw and has set entirely new standards in thinking about commercial construction,” adds van der Toolen.
Warsaw Spire welcomes Panattoni Europe as new tenant
Warsaw Spire has welcomed a new tenant – Panattoni Europe, a branch office of one of the biggest industrial space developers in Europe. The company will move into its new headquarters at Plac Europejski in August this year and will occupy 1 730 sq m on the 39th floor. The agreement has been signed for 5 years.
JLL in Warsaw Spire. The biggest JLL office in Europe.
The company will occupy 13,700 sq m of office space located on nine floors (25-30 and 32-34) in the tower building of Warsaw Spire. JLL consolidates all its business lines in Warsaw, thus becoming the largest – in terms of space – JLL’s office in Europe.
Plac Europejski – the best newly created public space in Poland
Plac Europejski was awarded by Society of Polish Urban Planners in the category newly created public space. This year, for the first time in the history of the competition for the best designed public space in Poland prize was awarded to a project in the capital. Polish President taken over the honorary patronage over the competition.
Calypso Fitness Club in Warsaw Spire
Ghelamco Poland’s flagship project – Warsaw Spire, has gained a new tenant. Calypso – Polish network of gyms with a modern equipment. The network has more than 30 points throughout the country. Calypso will occupy 1 503 sq m of space on the 5th floor of Warsaw Spire tower building.
Warsaw Spire a new headquartes of MasterCard
Warsaw Spire gained a new tenant. Complex located on plac Europejski will be a headquarters of Polish branch of MasterCard which will occupy 1 505 sqm on the 31st floor.
In the process of searching for location and negotiations the tenant was represented by experts from JLL.
Art Walk – a unique art passage at European Square
Works on the implementation of a unique place for art exhibitions have begun. It will measure 57 meters and will consist of 20 units. The modern passage will host temporary art exhibitions. Specially designed structure will be adjusted for year-round display of paintings, sculptures and art installations. The passage is designed by Przemysław “Mac” Stopa from Massive Design.
Art Walk will be fully integrated with surrounding urban space and will allow for displaying art in an interesting form giving the audience a chance to experience art beyond the closed spaces of galleries and museums.
Art Walk is pro publico bono initiative by Ghelamco Poland, one of elements of European Square. The inaugural exhibition at the Art Walk will take place in mid-May this year, when the whole complex of Warsaw Spire and European Square will be completed.
Foundation “Art in the City”, set up by Ghelamco in 2014, is responsible for the organization of exhibitions and cooperation with art institutions as well as individual artists. Ultimately, the gallery will be under the wings of separate operator.
Warsaw Spire reached 220 meters!
Two 40-meters spires were installed on the roof of Warsaw Spire and the building reached 220 meters height! Each spire is 40 meters high, which equals to 13-floor building, and weighs 25 tons. The diameter of a spire is 1,8 meters at its base. Spires are strictly decorative elements of the building.
An installation of such enormous spires was a complicated logistic operation requiring the use of specialized equipment, including a helicopter. Each spire was divided into 12 pieces. The installation took place in two stages – the first one at the beginning of January and the second one on January 17th.
More trees at European Square
The second round of planting trees and shrubs at European Square has just started and will finish in mid-December.
In Spring 2015 almost 80 trees, out of 140 appeared, including 13 metasequoias, 11 bald cypresses and 55 gleditsia. Currently, the rest of 42 metasequoias and 13 gleditsias are planted. All trees came from nursery Bruns in Germany.
Additionally, hedges of beech and numerous shrubs will enrich European Square. The last stage of planting will take place in Spring 2016 after the completion of construction works. Altogether over 14 thousand plants will create a green oasis in the center of the city.
Construction works of restaurant pavilions and exhibition space Art Walk, which will be open in the spring of next year, are underway.
„Green building of the Future” title for Warsaw Spire
Warsaw Spire was awarded by Europaproperty CEE Investment & Green Building Awards in the category „Green building of the Future”.
Awards by EuropaProperty CEE Investment & Green Building Awards 2015 were given for the fifth time. The gala took place on October 29 in intercontinental Hotel in Warsaw. The winners were chosen by an international jury – real estate specialists from CEE region.
The King of the Belgians visited Warsaw Spire
On October 13th, 2015 the King of the Belgians Filip visited Warsaw Spire, the largest Belgian investment in Poland. The visit of the King of Belgians in Ghelamco’s project was a part of the official state visit of their Majesties the King and the Queen of the Belgians in Republic of Poland and provides an opportunity to summarize and discuss further opportunities for economic cooperation between Poland and Belgium.
During the visit at Warsaw Spire’s construction site the King of the Belgians was accompanied by Rudi Vervoort, Minister-President of the Brussels-Capital Region, Geert Bourgeois, Minister-President of the Government of Flanders, Flemish Minister for Foreign Policy and Immovable Heritage, Rudy Demotte, Minister-President of the Wallonia-Brussels Federation, Paul Magnette, Minister-President of the Walloon Government and Oliver Paasch, Minister-President of the German-speaking Community.
Warsaw Spire hosted a photographic exhibition “Belgian projects on the Polish real estate market and the construction industry since 1989” which presented the investments of 23 Belgian companies operating in Poland. The exhibition was organized by the representatives of Investment & Trade of Flanders, Wallonia and Brussels at Embassy of Belgium, the Belgian Chamber of Commerce in Poland and Ghelamco to present 23 Belgian companies successfully operating in Poland. The King of the Belgians also admired the panorama of Warsaw from an impressive height of the tallest office building in Poland.
JLL’s new office in Warsaw Spire
International advisory company JLL will lease 8,000 sq m of space in the Warsaw Spire complex, Ghelamco’s flagship office investment currently being developed at plac Europejski in Warsaw. As a result, JLL will consolidate all of its Warsaw-based business lines in one location.
Relocation to the company’s new office at plac Europejski will be conducted in two phases. In Q2 2016, 450 employees from JLL Poland and EMEA Lease Administration and Corporate Solutions Centre of Excellence will occupy 5,900 sq m of space on four floors (floors 27 – 30 in the A tower building). During phase two of the consolidation in 2020, the team from the European Finance Centre will join their colleagues in Warsaw Spire, moving to floors 25 and 26. Ultimately, 700 JLL employees will occupy 8,000 sq m of space.
Flexible office created by employees for employees
New office will be based on JLL’s smart workplace concept. A number of conference rooms, ranging in size, will be arranged in the occupied space as well as focus rooms and two libraries – total-quiet zones providing the opportunity to rest. Furthermore, there will be numerous open spaces for informal employee meetings as well as a relaxation area.
Experts from Tétris by Neo Świat are the authors of the design concept. JLL’s new office will undergo BREEAM certification by a specialized unit of JLL Poland.
Warsaw Spire becomes the new HQ of DaftCode
Warsaw Spire has got a new tenant. The office development at Plac Europejski will host DaftCode, a company providing advanced IT solutions. DaftCode is going to relocate to its new premises in April 2016.
DaftCode is yet another company operating in the new technologies sector to pick Warsaw Spire as its location. The new tenant will take 1,700 m2 in building “A.” The modern office at the 40th floor offers an amazing panoramic view of the city (from 145 meters above) and can accommodate up to 175 workers. The lease agreement has been signed for a 5-year term.
“It is incredibly satisfying to know that Warsaw Spire will be home to products based on new technologies, which will have a considerable impact upon our future. Warsaw Spire offers perfect working environment for companies which put innovativeness and creativity first. Once again we can see that prospective tenants appreciate the combination of top-quality office facilities with inspiring public space at Plac Europejski,” says Jarosław Zagórski, Commercial and Development Director at Ghelamco Poland.
DaftCode is a rapidly growing Polish company which was established in 2011. It explores and develops a wide range of B2B and B2C products. It makes software and intuitive applications, incl. mobile apps, SaaS, artificial intelligence systems for marketing purposes, as well as payment systems. The company also has its offices in Argentina and the US.
“I’m really glad to embark on cooperation with Warsaw Spire. The investment undeniably matches the work culture and dynamics of DaftCode. The recreational style of Plac Europejski and modern architectural solutions adopted in the office buildings are already on track to become the city’s new business symbols,” says Jędrzej Szcześniak, COO at DaftCode.
Owing to its impressive location in Warsaw’s new business district, numerous facilities for tenants, and a unique public space development concept, Warsaw Spire is now one of the most appealing office buildings in the capital.
New lease agreements in Warsaw Spire
Ghelamco Poland signed 2 new lease agreements for 2 200 sq m of office space in Warsaw Spire. Flagship project realized by Ghelamco was chosen by a recruitment company Adecco Poland for its headquarters, whereas BNP Paribas Securities Services SKA Oddział w Polsce extended its current office.
The next tenant of Warsaw Spire, Adecco Poland recruitment and outsourcing company, will occupy 1 600 sq m on 8th floor in building C. Adecco Poland will move in May 2016. The company was represented by Colliers International. Building C will serve as a headquarters also to Centrum Unijnych Projektów Transportowych with 6 200 sq m leased as well as Benefit Systems S.A. which leased 6 300 sq m.
BNP Paribas Securities Services SKA Oddział w Polsce, in the building since June 2015 occupies 4 000 sq m decided to extend its office with additional 600 sq m. BNP Paribas Securities Services SKA Oddział w Polsce is a neighbour of European Union agency Frontex residing in building B.
Other tenants of Warsaw Spire include: Samsung, Ghelamco Poland and Bilfinger HSG Facility Management. 9 months before completion Warsaw Spire is leased in more than 60%.
Andrzej Bargiel reached Broad Peak with Ghelamco support
On July 25 Andrzej Bargiel, a famous Polish ski and Himalayan mountaineer, climbed on the top of Broad Peak (8 051 m ASL). The expedition began on June 28 and was aimed at high-speed reaching of the peak and then downhill skiing. This is the first such achievement made at the eight-thousander.
The expedition took place thanks to i.a. Ghelamco’s support.
Facade on Warsaw Spire’s tower building goes up!
Glass facade on building A of Warsaw Spire complex reached 31st floor and the neon sign “KOCHAM WARSZAWĘ”, which was removed from the façade. The neon was warmly welcome by Warsaw inhabitants and became a part of the capital’s landscape. That is why it will come back to the square in a new shape.
Installation of the glass facade on the building A goes up 1 floor per week. Currently, glass panels reached 31st floor and the construction of steel wings are placed on the 40th floor. Warsaw Spire will be fully glazed at the end of November.
In April 2015 one of the milestones of the construction site was achieved – 180-meter concrete construction, which closed a ceiling over the last 49th floor of the building A, was completed. 15-meter high bases of the steel spires were installed this week (ultimately they will achieve 40 meters) weighing 9 tons each. The tower building will achieve a full height of 220 meters this autumn when the next spires will be installed.
„KOCHAM WARSZAWĘ” neon sign will change a form and come back on European Square
Neon sign, 10 meters high and 25 meters long, installed 140 meters over ground was lighted up on the capital sky in December 2014 from the initiative of Ghelamco’s Foundation Sztuka w Mieście. Illumination on the building’s facade was made to enliven it by colour and light. It was very well accepted by Warsaw inhabitants, tourists and fans in the internet.
To continue installation works on the façade the neon sign, occupying 3 floors, was removed yesterday. „KOCHAM WARSZAWĘ” inscribed in the capital’s landscape and gained sympathy of Warsaw inhabitants thus it will stay as an element of European Square.
Centrum Unijnych Projektów Transportowych – Warsaw Spire’s next tenant
Warsaw Spire was chosen for the headquarters of Centrum Unijnych Projektów Transportowych. The institution will occupy over 6 200 sq m in building C, 4 floors in total in fifteen-floor building C. CUPT will move in to its new office in November 2015.
Centrum Unijnych Projektów Transportowych is yet another, next to European Agency Frontex, institutional tenant of Warsaw Spire. The statutory scope of CUPT’s activity is implementing programs and development of transport infrastructure projects, in particular programs and projects co-financed from EU funds in the programming period 2007-2013 and 2014-2020.
A year before completion, the building is leased almost in 60%.
Ghelamco Poland – a Partner of the first conference by Urban Land Institute in Poland
Urban Land Institute, international nonprofit research and education organization, for the first time in Poland organizes a conference „Competitive cities: attracting talent, investment and business” which will take place on May 15, 2015.
Mayors and officers in charge of development of Polish cities will discuss topics related to the competitiveness of Polish cities against Europe in terms of infrastructure, human capital, quality of life and promotion. Representatives of Warsaw, Poznań, Wrocław, Łódź, Gdynia, as well as Barcelona and Turin, and investors active on the Polish real estate market, including Ghelamco, confirmed their participation.
Ghelamco will be represented by Jeroen van der Toolen – Managin Director Ghelamco CEE, who will also participate in property sector leaders’ panel discussing „vision vs. reality”. Ghelamco is a Gold Partner of the conference.
Stixx Bar & Grill – the first restaurant at Plac Europejski
Ghelamco Poland has signed a new lease agreement for space at Plac Europejski – a new urban square where Warsaw Spire is being built. Stixx Bar & Grill will occupy 1 500 sq m in a former warehouse building on Wronia street. In addition to the bar, restaurant and lounge, this diverse gastronomy destination will offer private dining and meeting rooms, conferencing facilities and a new take away concept called Stixx Deli 2 Go.
Stixx Bar & Grill is an innovative restaurant concept combing sophisticated cuisine from all around the world at attractive prices in a smart casual environment. On 1 500 sq m of space, spreading over two floors, the main restaurant will feature an open kitchen with a 8-meter long fireplace, free standing bar, dining part, lounge zone and a large wine wall. In the summertime, guests will be able to enjoy a 400 sq m patio area which will also feature a large outdoor bar. The Stixx Bar & Grill menu is tailored to all seasons and occasions. The house DJ will provide the right vibe in the place and regular live music performances will liven up the bar area.
The warehouse in Wronia street, previously owned by Wojskowe Zakłady Graficzne Bellona (eng. Bellona Military Printing House) will be revitalised and thus gain a second life.
Stixx Bar & Grill is the first tenant having leased spaced devoted for the restaurant part at Plac Europejski. The unique urban planning concept implemented within the space between Grzybowska, Łucka, Wronia and Towarowa streets will perfectly complement the office functions of Warsaw Spire complex offering the employees, city residents and tourists a new attractive meeting and leisure spot.
Trees at European Square
At European Square on the area of 4 000 sqm, around Warsaw Spire, a modern park full of greenery, fountains and elements of small architecture will be created. In April, from nursery Bruns in Germany, first trees arrived. So far, 13 metasequoias, 11 bald cypresses and 55 gleditsias were planted. The second stage will commence in the middle of the year and will last until the end of November. The rest of metasequoias (47 pieces) and gleditsias (14 pieces) will be planted.
After opening of the complex, in April 2016, European Square will be an attractive meeting spot for all Warsaw inhabitants and visitors.
Topping out at Warsaw Spire
April 24, 2015 saw the topping out ceremony for Warsaw Spire. A symbolic tree was placed on the final (49th) floor of the tower building. It is a way to celebrate closing of an essential stage in the construction process, i.e. the completion of the structure of the last of three buildings of the complex.
The event was attended by 450 guests, incl. Her Excellency, the Ambassador of Belgium in Poland – Colette Taquet, Mayor of Warsaw – Hanna Gronkiewicz-Waltz, President of Ghelamco Group – Paul Gheysens, Managing Director CEE at Ghelamco – Jeroen van der Toolen, the developer’s representatives, Warsaw Spire’s tenants and Ghelamco Poland’s business partners.
Record-breaking deal on Warsaw office property market
Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 sq m in the building A, which constitutes over one fifth of the whole area offered by the building. The occupancy rate has now soared to over 50% one year before the completion of the construction.
Benefit Systems S.A. – another Warsaw Spire tenant
Ghelamco Poland has acquired another significant tenant in the Warsaw Spire office complex. Benefit Systems S.A. leased space in building C, where it intends to move in at the turn of 2015. Benefit Systems became the third tenant and a neighbor to EU Frontex and BNP Securities Services in building B.
Competition „Fell in love with Warsaw”
Fundacja Sztuka w Mieście, established by Ghelamco, organized a photographic competition called ”Fell in love with Warsaw”. To participate in this competition, the question “What do I love Warsaw for?” should have been answered and registered on a photo. Photos can contain themes like parks, squares, buildings, streets and architecture but necessarily with a heart interwoven into the composition. 3 authors of the best photos will have a chance to win an exceptional photo session on 35th floor of Warsaw Spire with the neon sign “KOCHAM WARSZAWĘ” as a background. The results will be announced on February 12th and the photo session “over Warsaw” will take place on Valentine’s Day.
Neon sign „KOCHAM WARSZAWĘ” on Warsaw Spire
On December 8, 2014, on the initiative of Fundacja Sztuka w Mieście, founded by Ghelamco, a neon sign with “Kocham Warszawę” („I love Warsaw”) appeared on 35th floor of Warsaw Spire. The words “KOCHAM” and “WARSZAWĘ” are more than 3 meters high. The heart of the sign, beating in different colours, is slightly higher and is 4,5m high. The steel construction weighs 3.5 tonnes, and 9000 LED diodes were used to illuminate the inscription. A total length of 350 meters of aluminum profiles were used to produce the letters.
New tenant in Warsaw Spire
Warsaw Spire acquired a new tenant – BNP Paribas Securities Service which will occupy 4 000 sqm in building B. The tenant will move to the new headquarters in the second half of 2015 and will become UE Frontex’s neighbour who is being the tenant since January 2015. With the signing of an agreement with BNP building B, offering a total of 20 000 sqm, reached more than 90% of occupancy.
Warsaw Spire goes up
In Warsaw Spire’s building B, where the works are most advanced, the scaffoldings are being taken down and soon the building’s elevation will be completed. As soon as September this year, Frontex will move into the building. The other side building has already 14 out of 15 stories of reinforced concrete, and the 220-meter tower building has reached the 8th floor level. Over 500 workers and 5 cranes work on the construction site simultaneously.
BREEAM Excellent for Warsaw Spire granted during MIPIM fair in Cannes
Today, during MIPIM real estate fair in Cannes, the representatives of BRE presented Jeroen van der Toolen, Ghelamco’s Managing Director CEE, with the BREEAM Excellent certificate for Warsaw Spire project. The investment is the eighth BREEAM certified property in Ghelamco’s portfolio.
Warsaw Spire is the flagship example of sustainable building, the strategy promoted by Ghelamco for years. The investment will not only provide the utmost comfort for the tenants but will also effortlessly merge with the city fibre. Moreover, Warsaw Spire will be extremely environmentally friendly, thanks
to the application of numerous innovative solutions.
A cornerstone has been laid for the construction of the Warsaw Spire office building
On the 18th of November the ceremony of signing the foundation act and laying the cornerstone for the tower building of the Warsaw Spire complex took place. The document was signed, among others, by Mr Janusz Piechociński, Deputy Prime Minister of Poland, Minister of the Economy, Mr Raoul Delcorde, Belgian Ambassador to Poland, Mr Ilkka Laitinen, Executive Director of Frontex agency, Mr Paul Gheysens, President of Ghelamco Group, Mr Jeroen van der Toolen, Ghelamco’s Managing Director for Central and Eastern Europe and the event’s special guest, Mr Kris Peeters, Minister-President of the Government of Flanders.
The cornerstone ceremony was a symbolic opening of a new chapter in the Warsaw Spire construction process – the start of the erection of the aboveground levels of the 220-metre tower building, which will reach its maximum height by the end of 2014.