Strabag has secured a contract to build the 170‑metre Roma Tower in Warsaw’s city centre. The development is expected to increase premium office stock at a time when foreign demand for Polish assets remains strong.
Original featureStrabag to Build 170-Metre Roma Tower in WarsawEurobuildCEE · 22 October 2026 →
Project overview and timeline
The Roma Tower, announced by Strabag SE on 21 October 2026, will rise to 170 metres and comprise approximately 45,000 square metres of mixed‑use space, including Class A office, retail and a public observation deck. AKIPIA has joined as a co‑investor, and the construction contract was signed on 5 October 2026, according to EurobuildCEE.
The tower is slated for completion in late 2029, with the first office floors expected to be let during 2028. Its location on the historic Roma Street places it within walking distance of Warsaw’s central business district and major transport links, including the Warsaw Central railway station.
Implications for Warsaw’s office supply and yields
Warsaw’s office market has been characterised by modest vacancy levels – reported at around 7 % by local consultancy JLL in the first half of 2026 – and a gradual rise in rents for premium space. The addition of roughly 45,000 m² of high‑grade office area will modestly increase total supply, but the tower’s premium positioning is likely to command yields in line with the city’s upper‑tier benchmark, which has hovered near 5.5 % for similar assets.
Investors will watch the tower’s pre‑let activity closely. Early leasing to multinational firms could reinforce Warsaw’s reputation as a regional hub for finance and technology, while a slower uptake might pressure yields upward as supply outpaces demand.
Demand drivers and financing backdrop
Foreign capital continues to flow into Poland, attracted by stable macro‑economic fundamentals and relatively low borrowing costs. The European Central Bank’s policy rate of 3.75 % in October 2026, as published by the ECB, keeps financing for large projects affordable, a factor cited by Strabag in its project brief.
Polish infrastructure upgrades – notably the expansion of the Warsaw Metro Line 2 and the upcoming high‑speed rail link to Kraków – enhance the city’s connectivity, bolstering long‑term demand for centrally located office space.
- Premium office supply in Warsaw will rise modestly with the Roma Tower’s completion.
- Yield expectations for new Class A assets remain anchored around the mid‑5 % range.
- Foreign investors are likely to view the tower as a gateway to Poland’s growing corporate hub.
- Financing conditions remain favourable thanks to ECB policy rates below 4 %.
- Proximity to new transport links could support higher rental growth for central locations.
The Roma Tower underscores Warsaw’s continued appeal for high‑quality office assets. With a projected supply addition of 45,000 m² and yields expected to stay in the mid‑5 % band, the development offers a benchmark for future premium projects. Investors should monitor pre‑let commitments; strong multinational interest would validate current yield levels, while a soft market could prompt a reassessment of pricing assumptions. The project also benefits from a supportive financing environment and infrastructure upgrades that together reinforce the city’s long‑term growth narrative.
Related reads
A new addition to the Warsaw skyline: STRABAG is constructing the 170-metre-high Roma Tower (STRABAG SE, 21 Oct 2026)
Strabag To Build 170-Metre Roma Tower In Warsaw (TradingView, 21 Oct 2026)
Strabag to Build 170-Metre Roma Tower in Warsaw (EurobuildCEE, 22 Oct 2026)
Sources & credits
- Feature: Strabag to Build 170-Metre Roma Tower in Warsaw — EurobuildCEE. Linked, not reproduced.
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