Friday, 3 July 2026
The Austrian STRABAG Group has acquired the Olivia Star office tower in Gdańsk in a transaction valued at approximately EUR 150 million, one of the largest commercial real estate deals completed in Poland so far in 2026.
Real estate investment manager KINGSTONE Real Estate (KINGSTONE RE) acted as transaction adviser to STRABAG, sourcing the asset, coordinating due diligence and supporting negotiations throughout the acquisition process. Following completion, the company has also been appointed to provide long-term asset management services for the property.
Located in the Olivia Centre business district in Gdańsk’s Oliwa district, Olivia Star is the tallest office building in Poland’s regional cities. The 180-metre, 34-storey tower offers approximately 40,000 sqm of premium office space and is currently 98% occupied.
The building also incorporates conference facilities, restaurants, bars and a publicly accessible observation deck under the Olivia Star Top concept. Key occupiers include Nordea Bank, PwC and Olivia Star Top.
The property was acquired from Tonsa Commercial, which developed the building. The transaction was structured as a share deal. While Olivia Star has changed ownership, the remaining six buildings within the Olivia Centre complex remain under the seller’s ownership.
According to KINGSTONE RE, the acquisition reflects increasing interest from international investors in the Polish office market, supported by relatively attractive pricing compared with many Western European markets and Poland’s continuing economic growth. The company believes these factors continue to support investment activity, particularly for high-quality office assets in established business locations.
The Olivia Centre campus is the largest business complex in Poland and among the largest office developments in Central and Eastern Europe. Olivia Star serves as its landmark building and occupies a prominent position within Gdańsk’s principal office district.
Advisers on the transaction included Greenberg Traurig, Pinsent Masons and tax adviser Magdalena Zamoyska for the seller, while STRABAG was advised by Act Legal, Savills and Baker Tilly.
The acquisition is another indication that investor appetite for prime office assets in Poland is improving after a more cautious period across European commercial real estate markets. Institutional investors continue to focus on well-let, modern buildings with strong occupier profiles, particularly in cities where long-term economic growth, limited prime supply and stable tenant demand support investment fundamentals.
