Article Index — 12
Annual Report 2019

Highlights of the past 30 years

Ghelamco, 100% family owned, was created in 1985 by Mr Paul Gheysens and is today a major real estate player in the Belgian and Polish market.
Establishment of the company in Belgium as general contractor
Ghelamco enters the Polish market as contractor and investor
Implementation of the current Group structure
Ghelamco becomes market leader in office developments in Warsaw (and still is)

Ghelamco becomes active on the Russian market
Ghelamco decides to dispose major investment projects pre-crisis
Decision to intensify investments in the Belgian market
Ghelamco Group reaches a balance sheet total of more than 1 billion EUR

Ghelamco Invest’s first bond issuance
First acquisition in France
Establishment of Ghelamco European Property Fund
Delivery of Warsaw Spire (Group’s biggest project so far) +115.000 sqm
Record sales of projects in Poland

Ghelamco Group balance sheet reaches 2.2 billion EUR
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