Swedish company Eastnine AB has purchased the Warsaw Unit skyscraper, which set a record in the European market for 2024.
“This is the largest transaction on the office market concluded in Europe this year,” said Ghelamco, the developer responsible for the construction of the office building.
While the sale of the Warsaw Unit, located at the Daszyńskiego roundabout in Warsaw, was a record for this year at over 1.2 billion Polish zlotys, or €280 million, Ghelamco, together with Madison International Realty, had previously sold the Warsaw Spire located next door for more than 1.6 billion zlotys or some €370 million.
“We will make sure that Warsaw Unit remains one of the best and most prestigious office buildings in the city,” emphasized Kestutis Sasnauskas, CEO of Eastnine AB.
Construction of Warsaw Unit began in 2017 and was completed in 2021. The building measures 202 meters tall (662 feet) and offers almost 60,000 square meters of office space on 46 floors. It features a “dragon skin” on the lower part of the building, whereby it is covered with small tiles that move with the wind.
The commercial office building is home to Warta, Moderna, CBRE, Stryker, Amazon, OmniOffice and Imperial Tabacco, among other tenants, and also houses Skyfall Warsaw – an event space including a sky terrace with a movable platform.
Rising energy costs and a higher minimum wage are set to increase fees and rent for residents. https://t.co/I5daUvJhnj
— Remix News & Views (@RMXnews) November 25, 2024Poland’s real estate market has been on the rise, with a residential home just selling in Warsaw’s Żoliborz district for almost 50 million zlotys, a new record for Poland.
Property prices have been on a tear in Poland, with Eurostat data from October showing yet another increase for Q3 and the highest annual increase in the EU, as also seen in the first two quarters.
While Poland’s big-ticket real estate market may be hot, for many Poles, the price of housing is out of control, leaving many struggling to afford a home for themselves.
