Rymarz Zdort Maruta advises Ghelamco on the sale of The Warsaw Hub skyscraper to French fund Corum XL

We are pleased to announce that our tax advisory team supported Ghelamco in the sale of a high-rise building in The Warsaw Hub complex to the French fund Corum XL. The Warsaw HUB is a multifunctional complex of skyscrapers built at Rondo Daszyńskiego. Last March, the developer sold the office towers of The Warsaw HUB to Google, a key tenant, for EUR 580 million, a record on the Polish office real estate market, and we had the opportunity to support Ghelamco in this transaction.

Ghelamco is a leading European real estate investor and developer operating in the office, residential, retail, logistics and leisure markets. Its high-quality projects on the Belgian, Polish, UK, French and Cypriot markets combine prime and strategic locations with aesthetically inspiring and efficient designs.

Corum XL is a French open-ended, income-oriented real estate investment company (Société Civile de Placement Immobilier, SCPI). It is owned by the French-English investment company Corum Butler, which was established in 2021 by the merger of the French investment company Corum Asset Management and the UK investment company Butler Investment Managers. It manages investments in real estate and corporate finance for individual and institutional clients.

“ We are delighted that we had the opportunity to participate in the one of the largest transactions that took place on the Polish real estate market this year, the sale of the third and final building in Ghelamco’s portfolio in The Warsaw HUB complex. We congratulate our client and the Corum XL fund on this excellent investment and thank all of the advisors involved in this project.” – said Leszek Tokarski, the partner heading the tax practice at Rymarz Zdort Maruta.

The tax advisory team was led by Leszek Tokarski (partner), supported by Krzysztof Rembierz (senior associate) and Tomasz Wieczorek (associate).