Pan-European real estate investor and developer Ghelamco has sold its Warsaw Hub development to Google, in what is being called the largest single office transaction in the history of Central and Eastern Europe (CEE).
Google Poland, one of the main tenants of the building, has become owner of the office, retail, services and underground elements of the multi-functional skyscraper. The internet services giant occupies 20,000 m2 of offices at the site. Other tenants include Standard Chartered, Cushman & Wakefield, Getin Noble Bank, GATX, Atradius, Elanco, Oracle, Huuuge Games and OmniOffice.
The Crowne Plaza and Holiday Inn Express hotels, which remain as Ghelamco operations, are in one of the complex's three towers. In total, the scheme consists of three buildings; an 86-metre-high hotel building and two 130-metre-high office towers connected with a common five-storey podium.
Jeroen van der Toolen, managing director for CEE at Ghelamco said: 'Our 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 decided to have its headquarters there and at the same time bought this property.'
The building's architecture is the work of AMC studio, led by Andrzej Choldzynski, who also designed the Warsaw Stock Exchange. The interiors of The Warsaw HUB were created by Przemyslaw 'Mac' Stopa together with the team of Massive Design.
The buildings are powered by Signal OS, Ghelamco's proprietory platform that integrates all building systems, mobile access control, and parking management. Tenants can also use a mobile application, which is an integral part of Signal OS.
The building has numerous certificates, including a BREEAM Excellent rating for its environmental profile, as well as a WELL Health-Safety Rating certificate and a user-friendly rating through the Building without Barriers benchmark.
CBRE and C&W advised Ghelamco on the deal.
Said Sean Doyle, head of property investment at CBRE: 'The sale of the Warsaw Hub, the largest single office transaction in the history of the Polish and CEE markets, is further affirmation of the strength of the Polish office investment market.
'CBRE is 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.'
