Strabag stock: Upper One wins first tenant in Warsaw

STRABAG Real Estate has signed the first lease agreement for its Upper One mixed-use development in central Warsaw. According to EurobuildCEE, the agreement was reported on Thursday, October 29, 2026.

Upper One Reaches Leasing Milestone

ERGO Technology & Services, a company belonging to Munich Re and ERGO Group, has leased approximately 7,000 square metres across six floors, from the eighth to the 13th floor. The tenant is expected to move in during the third or fourth quarter of 2027.

Upper One consists of a 34-storey office tower and a 17-storey hotel operating under The Cloud One Hotel brand. Façade installation has been completed, while interior fit-out work is under way. Completion and handover of both buildings are scheduled for 2027.

Developer And Contractor Roles

STRABAG is the general contractor for both parts of the complex. The first lease gives the development an occupancy milestone as the project advances toward completion. STRABAG Real Estate managing director ?ukasz Ciesielski described the agreement as an important milestone and said detailed business negotiations were now beginning, according to EurobuildCEE.

STRABAG's investor-relations calendar lists the Trading Statement for January to September 2026 for Thursday, November 12, 2026. The company reported at half-year that output had reached EUR 10 billion and the order backlog EUR 36 billion, while raising its 2026 guidance, according to the STRABAG investor-relations page.

Strabag stock traded at EUR 101.20 on Lang & Schwarz at 16:10 CEST on Friday, October 30, 2026.

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