Google has bought The Warsaw HUB office complex in Poland’s capital from European real estate firm Ghelamco in a €583m deal.
The Warsaw HUB, located in Warsaw, is a multifunctional skyscraper consisting of three buildings comprising two 130-metre-high office towers connected with a common five-storey podium, and an 86-metre-high hotel building.
Ghelamco said Google Poland has taken 20,000sqm of office space within the complex as well as retail and service spaces.
Announcing the deal, Ghelamco said it has also launched its first London project, The Arc in London’s EC1. The Arc is a 22-storey mixed-use hub comprising 148,048sqft of office, retail and amenity space.
Marie-Julie Gheysens, the head of UK, international business development at Ghelamco, said: “Ghelamco’s goal is to create buildings that are sustainable, accessible to all, and that fit into the urban environment. This is exactly what The Warsaw HUB is.
“We are proud that Google Poland decided to have its headquarters there and at the same time bought this property. In London, we are now very much looking forward to welcoming firms of a similar calibre to our new beacon for working in EC1, The Arc.”
Sean Doyle, the head of property investment at CBRE, said the sale of the Warsaw Hub, the largest single office transaction in the history of the Polish market, is further affirmation of the strength of the Polish office investment market.
“CBRE are hugely proud to have led such a landmark transaction between two of our most important clients, which firmly cements Warsaw’s position among the core Investment markets globally.”
CBRE advised Ghelamco on the disposal.
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