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The Warsaw Voice » National Voice » November 3, 2014
Belgium in Poland
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Changing the Face of Warsaw
November 3, 2014   
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Ghelamco is one of the few Belgian companies to have seen the potential of Poland in the early days of the country’s transformation into a free-market economy.

Since then the company has constantly been growing. It has now been present in Poland for 23 years. For the last five years it has been the leading office developer on the Polish market. It currently has 130,000 sq m of property under construction. Poland still has enormous potential for developers and investors, Ghelamco says. The country is a leading market in Central and Eastern Europe for investment projects and benefits from the constant interest of the biggest German and American funds. Illustrating the scale of investment underway, transactions worth more than 1.5 billion euros have been conducted so far this year in Poland and over half of this involves office projects, including the successful sale of three Ghelamco projects: T-Mobile Office Park, Łopuszańska Business Park and Katowice Business Point. The total value of all Ghelamco projects sold in Poland so far exceeds 1.2 billion euros.

Poland is the most sustainable market in Central and Eastern Europe, with the largest amount of office space certified as environmentally friendly, and Ghelamco has had the most significant role in establishing green trends on this market. The company was the first developer to certify office buildings with BREEAM credentials and now has the largest amount of space in Poland certified as environmentally friendly.

The market itself is still growing, and Ghelamco believes that the growth of Polish economy will have a positive impact on it. For example, it is expected that government institutions will be more and more willing to choose modern office space for their new headquarters.

Meanwhile, the area around Rondo Daszyńskiego is set to become the new center of Warsaw as a variety of high-rise buildings are finally being constructed and leased there.

There are already almost 500,000 sq m of offices under construction and in the pipeline in the area. Add to this a new metro line, five-star hotels nearby, as well as residential and retail projects, and it is clear that this will be the new center of Warsaw within only a few years. For Ghelamco this area is especially important as the company is constructing its flagship project, the Warsaw Spire, there. This will be an unprecedented project in Warsaw as it will combine office and public functions, giving the city a new urban space—Europejski Square. The square will be filled with greenery, water installations, restaurants, cafes and even an amphitheater, and is set to become a new meeting place for Warsaw inhabitants.

Apart from the Warsaw Spire, Ghelamco has started construction of a new project in the Mokotów district—Wołoska 24, and is about to start its first retail project in the Wilanów area. The company is also planning new office projects on Rondo Daszyńskiego and two more residential projects.

The years ahead promise to be busy for Ghelamco in Poland. The company says it will continue its strategy of delivering projects of the highest quality that also create new urban space and benefit cities and their inhabitants.
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