A single office tower in Gdansk has just become one of the most consequential real estate transactions in Poland this year, and the numbers explain why. STRABAG Group, the Austrian construction and investment group, has acquired Olivia Star, the largest office building not just in the Tricity metropolitan area but across all Polish regional cities, in a deal advised by KINGSTONE Real Estate for approximately €150m. The transaction ranks among the largest on the Polish commercial real estate market in 2026.
Rising 180 metres across 34 floors, Olivia Star offers approximately 40,000 m² of premium office space, alongside extensive conference facilities, five restaurants, three bars, and a publicly accessible observation deck under the Olivia Star Top concept. The building sits at 98% occupancy, anchored by tenants including Nordea Bank, PwC and Olivia Star Top itself, a tenant base that speaks directly to the kind of institutional-grade income security that draws international capital toward trophy assets rather than speculative development.
KINGSTONE RE exclusively sourced the asset for STRABAG and led the purchaser's side through due diligence, negotiation and transaction coordination. Philipp Schomberg, Co-Founder of KINGSTONE RE and CEO Poland, called it a defining moment for the firm's regional ambitions: "We are very pleased to have successfully closed this landmark transaction. For KINGSTONE RE and our activities in Poland, this represents a major milestone in our further growth strategy. We played a key role on the purchaser's side, providing transaction advisory services with institutional standards, coordinating the entire investment process and leading the contractual and commercial negotiations on the purchaser's side."
What deserves closer attention from investors tracking Poland's next moves is what was left out of this deal rather than what was included. Olivia Star sits within the Olivia Centre complex, the largest business hub in Poland and one of the largest in CEE, comprising seven buildings in total, yet the transaction covered only the Olivia Star tower itself. The remaining six assets stay under seller Tonsa Commercial's ownership, meaning the complex's single largest and most visible trophy tower has now changed hands while the surrounding portfolio remains available, a detail that positions the wider Olivia Centre as a potential pipeline of future acquisition opportunities for institutional capital still circling the Tricity market.
That capital appears to be circling with growing conviction. Pawel Sobolewski, Managing Director Poland and Head of Fund Management at KINGSTONE RE, pointed to structural pricing dynamics still favouring Poland over Western Europe: "We are currently observing growing interest from international investors in the Polish real estate market, particularly in the office segment. The yield spread compared to Western European markets still remains a key driver for international capital. Against the backdrop of Poland's strong economic performance leading the European countries' GDP forecast ranking, we expect further upward momentum in real estate pricing. Now is the time to invest in the institutional real estate sector in Poland and capture future value upside."
Following completion, KINGSTONE RE will take on long-term asset management of Olivia Star, acting as STRABAG's exclusive operating partner throughout the investment lifecycle. Philipp Schomberg confirmed the firm's next steps: "KINGSTONE RE will continue to manage the onboarding process and establish institutional asset management structures. We will represent the investor locally as an exclusive operating partner and assume the role of asset manager for Olivia Star."
People mentioned:
- Philipp Schomberg – Co-Founder and CEO Poland, KINGSTONE Real Estate
- Pawel Sobolewski – Managing Director Poland and Head of Fund Management, KINGSTONE Real Estate
- Magdalena Zamoyska – Tax Advisor, transactional tax advisory to the seller
Companies mentioned:
- KINGSTONE Real Estate – Transaction advisor to STRABAG and future asset manager of Olivia Star
- STRABAG Group – Austrian purchaser of Olivia Star
- Tonsa Commercial – Seller and project developer of Olivia Star
- Nordea Bank – Major tenant
- PwC – Major tenant
- Olivia Star Top – Tenant and observation deck concept operator
- Greenberg Traurig – Legal advisor to the seller
- Pinsent Masons – Legal advisor to the seller
- Act Legal – Legal and tax advisor to the purchaser
- Savills – Technical due diligence advisor to the purchaser
- Baker Tilly – Financial due diligence advisor to the purchaser
- Olivia Serwis Sp. z o. o. – Image source and operator of the Olivia Centre complex
Image Source: Olivia Serwis Sp. z o. o.
