Syrena Real Estate Acquires Renaissance Building Warsaw

Warsaw-based investor and asset manager Syrena Real Estate has acquired the Renaissance Building, a historic property on Plac Zbawiciela in the city's Śródmieście district. Bank Pekao SA financed the transaction, with legal support from Wolf Theiss, financial and tax advice from Deloitte, and technical advice from Iliard and Reesco.

• Total usable area: over 7,000 sqm
• Office space: approximately 4,600 sqm across six floors
• Ground-floor retail: 600 sqm
• Underground car park: three levels, 72 spaces

A Building With More Than a Century Behind It

The Renaissance Building dates to 1902 and 1903, originally constructed as a mixed-use residential and commercial tenement known as the Pawłowicz Tenement, built in the Neo-Renaissance style typical of Warsaw's turn-of-the-century architecture.

After being largely destroyed in the Second World War, it was rebuilt and converted into an office building at the start of the 21st century.

• 2005: Refurbishment restored the historic third storey and added two glazed upper floors
• 2016: Further facade renovation carried out

Office Today, Residential Option Tomorrow

Syrena intends to preserve the building's current office and retail character, but has structured the acquisition to retain flexibility.

Witold Zatoński Kotomski, founder of Syrena Real Estate, said the company plans to take a long-term view of the asset, with the option to gradually convert office space into residential units should market conditions justify it, as permitted under the local spatial development plan.

It is a structure that reflects a wider Warsaw investor preference for optionality over fixed end-use, particularly given sustained residential demand in central locations.

A Growing Portfolio of Central Warsaw Plays

The Renaissance Building is the latest addition to a portfolio built around repositioning established addresses rather than speculative development. Previous acquisitions follow the same logic:

• HOP building, Chmielna Street: nearly 14,000 sqm
• Diuna complex, Mokotów: approximately 46,000 sqm
• Zaułek Piękna: 8,800 sqm, acquired May 2025

Plac Zbawiciela, one of Warsaw's most recognisable squares, fits the pattern precisely: a prime address with scope for value creation over time, in a market where location continues to do much of the heavy lifting.

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