Strabag Group acquires office tower in Gdańsk

Austria’s Strabag Group has acquired Olivia Star, an office high-rise in Gdańsk, Poland, from project developer Tonsa Commercial for €150 mln.

Olivia Star office tower © Olivia Serwis

Rising up to 180 metres, it comprises 34 floors and offers approximately 40,000 m2 of premium office space.

In addition, the building features extensive conference facilities, five restaurants, three bars and a publicly accessible observation deck (all within the Olivia Star Top concept). The occupancy rate stands at 98% and major tenants include Nordea Bank, PwC and Olivia Star Top.

The trophy asset is the largest office building not only in the Tricity metropolitan area (Gdańsk, Gdynia, Sopot), but across all Polish regional cities.

The property is located at 472C Grunwaldzka Street in the Oliwa district of Gdańsk. Olivia Star is the landmark tower of the Olivia Centre complex, the largest business hub in Poland and one of the largest in CEE, comprising a total of seven buildings. The transaction solely relates to the Olivia Star tower, while the remaining six assets will remain under the ownership of the seller.

Kingstone Real Estate (Kingstone RE), which advised on and supported the acquisition, will provide long-term asset management for Olivia Star.

Tonsa Group PM continues as operator of Olivia Star post-completion, providing property management, leasing support and operation of the Olivia Star Top concept

Maciej Grabski, President of Olivia Centre and director of Tonsa, said: “When we began Olivia Centre in 2010, our ambition was to bring fully institutional-grade quality to Gdańsk and to the wider Polish regional market – to global standards in design, sustainability and tenant experience. To see it acquired by a partner of Strabag’s stature, in what we expect to be the largest Polish real estate transaction of 2026 and the first deal of its kind in Poland outside Warsaw, is a powerful validation of what Olivia Centre represents today: one of the largest and most mature office complexes in Central and CEE, attracting institutional capital on the same terms as Western European gateway markets.”

Paweł Sobolewski, managing director Poland and head of Fund Management at Kingstone RE, added: “We are currently observing growing interest from international investors in the Polish real estate market, particularly in the office segment. The yield spread compared to Western European markets still remains a key driver for international capital. Against the backdrop of Poland’s strong economic performance leading the European countries’ GDP forecast ranking, we expect further upward momentum in real estate pricing. Now is the time to invest in the institutional real estate sector in Poland and capture future value upside.”