Eastnine acquires Warsaw office tower for €300m

Eastnine has reached an agreement with Ghelamco to acquire "The Bridge," a 40-storey premium office property in Warsaw, at an underlying property value of €300 mln.

The Bridge

The transaction is scheduled to close in the fourth quarter of 2026, subject to financing, making Warsaw Eastnine's largest market.

Completed in 2025 by developer Ghelamco, The Bridge is a newly developed, 174-metre-tall office tower located in the heart of Warsaw’s CBD, situated just 500 meters from Eastnine’s existing Warsaw Unit property. The building offers 55,300 m2 of lettable area and includes 280 underground parking spaces. The property adheres to the highest technical standards and has achieved top-tier sustainability and digitalisation certifications, including BREEAM Outstanding, Well v2 Platinum, DGNB, SmartScore, and WiredScore Platinum. The complex also integrates the Bellona, a fully refurbished historic five-storey building, via a common lobby.

The Bridge is 92% leased to seven tenants, including Erste Bank Polska, Visa, Grant Thornton, Astellas, Instytut Francuski, and EssilorLuxotica. The property generates an annual rental value of €18.2 mln with an average lease term exceeding ten years. The lease agreements are structured on a triple net basis and feature annual indexation linked to European inflation.

While the underlying property value is €300 mln, the preliminary purchase price is approximately €260 mln, adjusted for rent related to unoccupied premises, outstanding tenant improvement costs, and rent-free periods. The acquisition will be financed using existing cash reserves, a five-year secured bank loan of €180 mln from Erste Group, and proceeds from refinancing debt within Eastnine's existing property portfolio. No new share issue will be required.

Eastnine’s CEO Kestutis Sasnauskas said: ”We are delighted to have the opportunity to add another landmark property to our portfolio in Warsaw’s most attractive district. With the acquisition of The Bridge, we are doubling our market position in the city, and Warsaw becomes Eastnine’s largest individual market."