Rymarz Zdort Maruta advises Ghelamco on sale of Vibe office building in Warsaw for PLN 290 million

We are pleased to announce that we provided tax advisory services to Ghelamco Poland, a leading developer on the Polish office real estate market, in connection with the sale of building A in the Vibe office complex, located near Rondo Daszyńskiego in Warsaw, to international investment company Manova Partners for nearly EUR 68 million net (PLN 290 million). With approximately 15,000 sqm of leasable space, the office building is one of the most modern and environmentally friendly facilities of its kind in Poland.

Ghelamco is one of the largest international developers in Europe, operating in its home market in Belgium, but also in the United Kingdom and Cyprus. In Poland, it has completed investments in Warsaw, Kraków, Katowice, Łódź, and Wrocław, among others.

Manova Partners is a global investment company specialising in real estate asset management. The company manages a portfolio of office, logistics, residential, and retail properties valued at approximately EUR 12 billion, investing globally in Europe, the US, Latin America, and Australia, and owns office buildings and warehouses with significant floor space in Poland.

Tax advice relating to the transaction was provided by Leszek Tokarski (partner), Krzysztof Rembierz (partner), and Jakub Grzyb (senior associate).

“We would like to thank Ghelamco for the opportunity to cooperate on another real estate transaction, characterised by an impressive sale value, making it one of the largest transactions recorded this year on the office market in Central and Eastern Europe. We would like to thank the client for their trust and congratulate all of the parties involved,” says Leszek Tokarski, partner heading the tax practice at Rymarz Zdort Maruta.