Press release

Tonsa Commercial sells Olivia Star to STRABAG Group in landmark Polish commercial real estate transaction

• Expected to be the single largest commercial real estate transaction in Poland in 2026 and unprecedented in scale for Poland’s regional cities, with no comparable single-asset office deal previously completed in Poland outside Warsaw
• Sale validates Olivia Centre – one of the largest office complexes in Central and Eastern Europe – as a fully institutional-grade investment destination
• Tonsa Commercial retains ownership of the six remaining Olivia Centre buildings, comprising c. 130,000 sqm of office space
• Tonsa Group PM continues as operator of Olivia Star post-completion, providing property management, leasing support and operation of the Olivia Star Top concept
• Continued growth strategy across the Tonsa Group portfolio, including the Olivia Home residential brand and the Pekabex precast concrete platform

Rotterdam / Gdańsk, 02 July 2026 – Tonsa Commercial REI N.V. (“Tonsa”), the Rotterdam-headquartered international real estate investor and developer behind Olivia Centre in Gdańsk, has completed the sale of the Olivia Star office tower to Austria’s STRABAG Group. The transaction, structured as a share deal, is expected to be the single largest commercial real estate transaction in Poland in 2026. It is also unprecedented in scale for Poland’s regional cities: no comparable single-asset office transaction has previously been completed in Poland outside Warsaw.

Olivia Star is the tallest building in Gdańsk and the whole of northern Poland, with an architectural height of 180 metres (156 metres to roof), 35 floors above ground and three underground levels. The tower comprises approximately 45,000 sqm of office space within a total floor area of c. 67,700 sqm, alongside extensive conference facilities, five restaurants, three bars and the publicly accessible Olivia Star Top observation deck and event space. Occupancy stands at 98 percent, with anchor tenants including Nordea Bank and PwC. Completed in 2018, Olivia Star was developed by Tonsa Commercial as the flagship of the wider Olivia Centre platform.

Olivia Centre, formerly Olivia Business Centre, comprises seven completed office buildings on Al. Grunwaldzka 472 in the Oliwa district of Gdańsk, totalling approximately 230,000 sqm of floor area and around 175,000 sqm of office space, making it the largest business hub in Poland and one of the largest office complexes in Central and Eastern Europe. More than 120 occupiers are present across the campus, including global names such as Amazon, Bayer, Allianz, Nordea Bank and PwC. Following the sale of Olivia Star, the remaining six buildings remain in the full ownership of Tonsa Commercial.

Continued operational role. Following completion, Tonsa Commercial will continue as operator of Olivia Star, providing property management and leasing support. Also operation of the Olivia Star Top concept – the publicly accessible observation deck, conference facilities, restaurants and bars on the upper floors – is being provided by team working closely with Tonsa Commercial.   This ensures full continuity for occupiers and visitors and keeps Olivia Star seamlessly integrated with the wider Olivia Centre campus, which Tonsa continues to develop and manage.

Commenting on the transaction, 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. Olivia Star was conceived as the flagship of that vision. 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 Eastern Europe, attracting institutional capital on the same terms as Western European gateway markets. We remain operator of Olivia Star and continue to develop and manage the wider Olivia Centre campus, alongside the broader Tonsa Group pipeline.”

Beyond its role as a premier workspace, Olivia Centre has been deliberately designed as a vibrant, mixed-use ecosystem that goes far beyond traditional office leasing. The campus integrates an unparalleled range of services to meet the daily needs of professionals, visitors, and local residents alike. The hub features extensive amenities including medical and educational facilities, fitness clubs, and diverse gastronomy. A centerpiece of this holistic environment is Olivia Garden – a year-round, tropical green space of several thousand square meters serving as a natural retreat.

Central to the identity of Olivia Centre is its profound focus on building a resilient and engaged local community. The campus acts as a social catalyst, fostering interactions through a robust annual calendar of cultural, educational, and sports events. By cultivating proprietary initiatives – ranging from resident sports leagues and the Olivia Choir to numerous volunteering and networking programs – Tonsa Commercial ensures that the complex is not just a place to work, but a thriving community hub. This people-centric strategy significantly enhances tenant well-being, supports talent retention for occupiers, and creates a welcoming space that actively enriches the social fabric of the wider Gdańsk metropolitan area.

This holistic, community-driven vision is firmly rooted in a comprehensive Environmental, Social, and Governance (ESG) framework, as highlighted in Tonsa Group’s successive Sustainability Reports. Olivia Centre is a pioneer of sustainable real estate in Poland, continuously implementing solutions that reduce carbon emissions, optimize energy efficiency, and promote biodiversity. For institutional investors and global tenants alike, this rigorous dedication to ESG principles guarantees long-term asset resilience and aligns perfectly with modern corporate responsibility goals.

The Olivia Star transaction reflects a renewed inflow of international institutional capital into Poland’s regional cities, where the yield spread to Western European markets and Poland’s leading position in European GDP growth forecasts continue to drive investor demand. Tonsa Commercial will continue to develop, lease and manage the remaining Olivia Centre portfolio and is actively progressing further investments across its real estate platform, including the Olivia Home residential brand and the Group’s controlling interest in Pekabex S.A., the largest provider of precast concrete in Poland with operations across Poland, Germany, Sweden and the United Kingdom.

Olivia Pulse building offers residential apartments and marks the next step in the continued evolution of Olivia Centre, further broadening the destination’s offer and reinforcing its long-term mixed-use vision. It will complement a campus already positioned as a highly diverse, community-oriented environment, where office space is combined with services, gastronomy and amenities that support everyday life beyond traditional workplace functions. In this way, Olivia Pulse – developed by group’s Olivia Home – reflects the same user-focused and sustainability-driven approach that underpins the wider Olivia Centre platform and its ESG strategy.

Advisors. Tonsa Commercial was advised by Greenberg Traurig and Pinsent Masons (legal transaction advisory) and Tax Advisor Magdalena Zamoyska (transactional tax advisory). On the purchaser side, STRABAG Group was advised by KINGSTONE Real Estate (transaction advisory and process coordination), Act Legal (legal and tax), Savills (technical) and Baker Tilly (financial).

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About Tonsa Commercial

Tonsa Commercial REI N.V. is a Rotterdam-headquartered international real estate investor, developer and asset manager. The Group’s flagship project is Olivia Centre in Gdańsk – one of the largest office complexes in Central and Eastern Europe – alongside the Olivia Home residential brand. Through its parent vehicle Tonsa SCA, SICAV RAIF, the Group also holds a controlling interest in Pekabex S.A., the largest provider of precast concrete in Poland, operating across Poland, Germany, Sweden and the United Kingdom.

For more information visit: www.tonsacommercial.com and www.oliviacentre.com

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Press contact

Tonsa Commercial / Olivia Centre

Bogusław Wieczorek
Board Representative to Public Relations
boguslaw.wieczorek@oliviacentre.com
+48  501 951 937

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Note on image rights. Photographs of Olivia Star and Olivia Centre may be used in the context of reporting on this transaction. Please cite “Tonsa Commercial / Olivia Centre” as image source. Photographs may only be edited within the context of standard image processing.