STRABAG buys Poland’s tallest regional tower
A single office tower in Gdansk has become one of the most consequential real estate transactions in Poland this year.
STRABAG Group, the Austrian construction and investment group, has acquired Olivia Star, the largest office building in the Tricity metropolitan area and across all Polish regional cities, in a deal advised by KINGSTONE Real Estate for approximately €150m.
Transaction Details
The transaction ranks among the largest on the Polish commercial real estate market in 2026.
Rising 180 metres across 34 floors, Olivia Star offers approximately 40,000 m² of premium office space, alongside extensive conference facilities, five restaurants, three bars, and a publicly accessible observation deck under the Olivia Star Top concept.
The building sits at 98% occupancy, anchored by tenants including Nordea Bank, PwC and Olivia Star Top itself, a tenant base that speaks directly to the kind of institutional-grade income security that draws international capital toward trophy assets rather than speculative development.
Advisory Role
KINGSTONE RE exclusively sourced the asset for STRABAG and led the purchaser’s side through due diligence, negotiation and transaction coordination.
Philipp Schomberg, Co-Founder of KINGSTONE RE and CEO Poland, called it a defining moment for the firm’s regional ambitions: “We are very pleased to have successfully closed this landmark transaction.
For KINGSTONE RE and their activities in Poland, this represents a major milestone in their further growth strategy.
Investors tracking Poland’s next moves should pay attention to what was left out of this deal rather than what was included.
Olivia Star sits within the Olivia Centre complex, the largest business hub in Poland and one of the largest in CEE, comprising seven buildings in total, yet the transaction covered only the Olivia Star tower itself.
Market Outlook
Pawel Sobolewski, Managing Director Poland and Head of Fund Management at KINGSTONE RE, noted that Poland still has a pricing advantage over Western Europe: “We are currently observing growing interest from international investors in the Polish real estate market, particularly in the office segment.
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The yield spread compared to Western European markets still remains a key driver for international capital.
They pointed to the yield spread as a key driver for international capital.
Following completion, KINGSTONE RE will take on long-term asset management of Olivia Star, acting as STRABAG’s exclusive operating partner throughout the investment lifecycle.
Philipp Schomberg confirmed the firm’s next steps: “KINGSTONE RE will continue to manage the onboarding process and establish institutional asset management structures.
They will represent the investor locally as an exclusive operating partner and assume the role of asset manager for Olivia Star.
Real estate investments continue to attract international capital.
The Polish market is likely to see further upward momentum in pricing, with its strong economic performance and growing demand for office space making it an attractive destination for investors looking to capture future value upside.
The Olivia Star transaction is a significant development in the Polish commercial real estate market.
Its impact will be closely watched by investors and industry experts alike.
The fact that the remaining six assets in the Olivia Centre complex remain available for acquisition presents an opportunity for further investment in the region.
