Madison International acquires 50% stake in Warsaw Spire

30 April 2018

In one of the largest office real estate transactions in Poland in recent years, Madison International Real Estate Liquidity Fund VI LP has acquired a 50-percent stake in Warsaw Spire, becoming an equal owner alongside the Ghelamco GP12 fund. The office tower, the tallest building in Central Europe, is valued at €350m. ā€œWarsaw Spire is a building which has become an icon of the dynamically growing Polish real estate market. It brought new a standard and quality, at the same time being an example of a spectacular commercial success. We are happy that our partner and new co-owner of the building is now Madison International Realty, an American company building its portfolio with the best real estate developments in the world,ā€ said Jeroen van der Toolen, managing director of the CEE region at Ghelamco.

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