CA Immo acquires Warsaw office asset for c. €100m (PL)

CA Immo acquires Warsaw office asset for c. €100m (PL)

CA Immo has acquired Warsaw Spire C office building in Warsaw, Poland. The transaction volume of the fully rented landmark Class-A property amounts to around €100m, while the annual gross rental income reaches around €5.4m.


Warsaw Spire Building C is part of the Warsaw Spire complex, which was elected Best Office & Business Development at Mipim Awards 2017. The Spire complex consists of three buildings: a 220-metre tall office tower (Spire A) and two flanking buildings of identical size and shape (Spire B and C, both now owned by CA Immo). Warsaw Spire Building C offers 21,700m² GLA as well as 241 underground parking spaces and is located in the City Centre West at European Square near Rondo Daszynskiego. Its position provides exceptional public transport connections, including Warsaw’s new second Metro line as well as multiple tram and bus routes, offering occupiers quick and easy access to and from all Warsaw districts.


Andreas Quint, CEO of CA Immo: "This acquisition further strengthens our presence in one of the most attractive microlocations in central Warsaw, which is one of the most dynamically developing markets in CEE. The Warsaw Spire Building C is a high-quality landmark scheme; it will provide us with secure cash flow, strengthen and rejuvenate our portfolio on the Warsaw core market and perfectly complements our recent acquisition in Warsaw, the adjacent Spire Building B." 


Jeroen van der Toolen, Managing Director CEE at Ghelamco: “It is another transaction that has been done together with CA Immo, and at the same time a proof of trust and satisfaction of our cooperation from both sides. I am truly glad that the last office building of the Warsaw Spire complex, which is Ghelamco’s flagship investment in Poland, is now in the hands of a reliable and trustworthy investor, who also owns the building B. Warsaw Spire is not only the biggest and the highest office complex in the country but also a strong and recognizable brand, which stands for the highest quality of office space, prestigious location and spectacular commercial success.”


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