The forward sale transaction made with Commerz Real fund, acting on behalf of a South Korean investor, concerns the total of 28 700 sq.m. office area and 400 parking places in the underground car park. It has already been commercialized in 78 % with the biggest tenant Bank BNP Paribas whose headquarters will take up the total of the biggest building in LIXA complex.

The construction of LIXA started early this year. A corner, 13-floor building with an area of 22 000 sq.m. and a smaller office offering 6 000 sq.m of A-class modern space will be constructed at the corner of Kasprzaka and Karolkowa streets. Having closed the transaction, the two buildings will become the property of a South Korean fund - Hana Investment Co. Ltd. - represented by Commerz Real. The parties to the agreement do not disclose the value of the transaction.

„Sale of the nearly fully leased large office project at the stage of the ongoing construction works marks a big success of our flagship investment. We are certain that the unique concept of LIXA, a scheme of buildings resembling a university campus laid out around a garden-like courtyard, receives a lot of attention from both tenants and future investors. Ultimately LIXA will offer a total of 65 000 sq. m. office space designed to meet the needs of the biggest, international firms. The architecture of this office scheme – combining contemporary trends with tradition referring to the pre-war modernism – will benefit the surroundings of the new business center being developed” says Eric Dapoigny, President of Yareal Polska.

LIXA is being developed close to the second metro line station – Rondo Daszyńskiego, which will allow employees of the offices to use a network of convenient public transport. With its campus character, functionality and flexibility of space arrangement LIXA provides an attractive alternative for the tower buildings developed in the Warsaw office market. LIXA is getting attention mostly from the big companies searching for the kind of headquarters which can be adapted to their needs (built to suit), with an option to lease or sell.

LIXA project will be certified under the international system BREEAM confirming the use of a number of solutions in line with the concept of sustainable construction. The flagship office project of Yareal will be certified with grade Excellent.

In the negotiations with the fund Yareal was advised by an legal office GIDE LOYRETTE NOUEL, and the companies MDDP and CBRE.

SOHO 18 will consist of 131 flats of different sizes, ranging from 30 sq. m. studio apartments to 4-bedroom units spanning over 100 sq. m. SOHO by Yareal will be situated on brownfield land in the Kamionek neighborhood in Warsaw’s Praga Południe district, at the corner of Żupnicza and Chodakowska Streets. This project is a vital element of a wider regeneration scheme for this part of the city.

Built as a stepped structure, the nine-story SOHO 18 residential building is the first to be developed as part of the SOHO by Yareal project. Built in a type-C layout, SOHO 18 will offer 131 flats, with living areas ranging from 29 to 109 sq. m. as well as space for commercial units in the building’s arcades. A lobby with a reception area will be situated on building’s ground floor, and the site itself will also include a two-story car park.

This modernist investment, which combines post-industrial elements with modern design, will seamlessly blend in with the surrounding historic buildings located throughout the Kamionek neighborhood. As per SOHO 18’s architectural plan, which was drafted by the prestigious Hermanowicz Rewski Architekci studio, the building will be constructed using such materials as concrete and Corten steel – inspiration drawn directly from the industrial character of the project’s surroundings.

SOHO 18 is yet another project developed by Yareal on the east bank of the Vistula river. Flats in Kamionek are in great demand, with as many as 15% pre-orders being placed within just two weeks of pre-sales being announced. The SOHO by Yareal project’s first residential building is to be completed by the end of 2021.

An attractive neighborhood

Located in Warsaw’s diverse and lively Praga district, SOHO 18 will become an ideal place for people looking for just the right balance between living a metropolitan lifestyle and being close to nature. All thanks to the nearby greenery, including Warsaw’s second-largest park, Skaryszewski Park, as well as the district’s numerous local workshops, art galleries and restaurants. In addition to being situated in an attractive neighborhood, another strong point of the SOHO by Yareal investment will be its location – a mere 5 km from Warsaw’s city center. Yareal’s latest project will be situated by several bus and tram stops, providing convenient and quick access to central Warsaw. Moreover, it will also be located in the vicinity of the Warszawa Wschodnia railway station as well as M2 Metro stations.

“SOHO by Yareal is definitely a unique project, complementing and regenerating historic landmarks with modern and functional architecture. By creating SOHO by Yareal, we wanted to keep the idea and spirit of Soho Factory alive. By weaving a new, attractive element into the district’s urban fabric, we want to enrich this part of the neighborhood by offering real benefits to both the current and future residents of Kamionek” – says Eric Dapoigny, CEO Yareal Polska.

Metropolitan lifestyle

SOHO by Yareal, a unique architectural concept spanning over 5 hectares, will blend into the existing buildings at Mińska Street, the modern residential houses which have been built there over the last few years, as well as the district’s historic brownfield land. The core inspiration for this project’s architects as well as its developer was to create something more than just another housing estate. By introducing a wide variety of retail outlets and services, enriched by recreational and cultural facilities, SOHO will become a place run by its own dynamics, and will have a meaningful impact on the evolving character of this part of the district. Further stages of the SOHO project will be developed successively as the design and administrative works progress. Visiting the sales office located in one of the old factory buildings at Mińska 25 Street, you can already feel the spirit of SOHO by Yareal.

All apartments, both in SOHO 18 and in the entire SOHO by Yareal complex, will be equipped with the very latest smart home solutions. The design process involved one of the world’s most advanced wireless smart home systems provided by the industry-leading company FIBARO. Among a variety of functions, SOHO 18 residents will be able to remotely manage their heating, as well as have full control over the power supply to their household appliances.

SOHO 18 was designed by Yareal in line with the company’s philosophy of sustainable building and maintaining a respectful approach to the environment and the use of natural resources. The project is subject to advanced certification against the BREEAM scheme, confirming its compliance with the highest standards of quality and the adoption of green construction solutions. The SOHO 18 building site will be supplied with power from renewable energy sources.

SOHO by Yareal will be the first residential project in Poland to undergo the BREEAM Communities certification process. This is an international certification system used to improve, measure and evaluate the economic, social and environmental aspects of sustainable building. The system integrates sustainable design with urban planning. In the BREEAM Communities system, the environmental impact assessment methodology is expanded to represent a more holistic approach to sustainable design, taking into account the project’s social and economic impact on its neighborhood. Findings of conducted studies and analyses are then implemented into the project’s functional specifications.

This three-stage investment in Warsaw’s Mokotów district is just a few minutes’ walk from the Galeria Mokotów shopping mall. Ultimately, Yareal is planning to erect an estate composed of over 600 apartments in 7 buildings, creating an urban frontage in the heart of the Służewiec neighborhood. Over 20 percent of apartments have already been reserved just a few weeks after the investment’s sales office were opened.

As part of the Pozytywny Mokotów project, Yareal will create an almost 200-meter-long green walkway encircled by private gardens as well as shared squares and playgrounds. On the street-facing side of the investment, both buildings will form a compact urban frontage separating the estate from any urban noise. The investment was designed in such a way as to have a positive, citygenic effect on the entire neighborhood.

Pozytywny Mokotów is yet another investment designed to improve the quality of life in the Służewiec district, which is dominated by post-industrial and office buildings, by adding much needed residential and service points. A public square with one of the many entrances to the estate will be created in the project’s first stage, and the frontage of the ground floors of the buildings facing Postępu and Konstruktorska Streets will include space for numerous shops and businesses. The estate’s more private section will open to a broad inner walkway and a garden that will connect the entire complex with carefully selected, lush greenery. As part of the project’s first stage, Yareal’s sales office will offer flats ranging from 30 to 120 sq. m. in size as well as 148 parking spaces at a single-story underground car park. These spaces can be equipped with individual EV charging stations as per a customer’s request. Pozytywny Mokotów’s architectural plan was drafted by the prestigious Hermanowicz Rewski Architekci architectural studio.

“A corner building will be erected at the junction of Postępu and Konstruktorska Streets in the first stage of the project. A much more private tower block will be constructed next to it. Both buildings will consist of 125 apartments, mostly small and medium-sized, as these are currently the most sought after on Warsaw’s real estate market. Pozytywny Mokotów will be the perfect residence for employees working at the numerous companies whose offices are located in the Służewiec district. We expect our investment to attract both customers looking to purchase their own flat, as well as those interested in investing in rental apartments” – says Jacek Zengteler, Board Member and Head of Residential at Yareal.

The intersection of Postępu and Konstruktorska Streets will also be redeveloped as a part of the Pozytywny Mokotów project. Yareal has committed to modernizing road infrastructure in the public space surrounding the investment, which will serve to improve the quality and efficiency of transport in the entire district.

Thanks to the project’s favorable location, as well as its unique design and the technical solutions employed in its construction, Pozytywny Mokotów will undergo BREEAM’s green building certification process. Yareal will seek to obtain a BREEAM certificate at a Very Good level – the highest rating awarded to only a handful of housing projects in Poland. Additionally, each of the project’s apartments will be equipped with home automation solutions from the market’s leading smart home solution provider, Fibaro.

The first stage of the Pozytywny Mokotów investment, which includes the construction of two apartment buildings, is to be completed by the beginning of 2021.

Customers interested in buying an apartment in Pozytywny Mokotów can visit Yareal’s sales office located at the investment’s construction site. They will be able to take a look at a scale model of the estate as well as visit a show flat – an exact copy of one of the more popular flat types available. More information on the Pozytywny Mokotów estate as well as the green building solutions required for BREEAM certification at a Very Good level are available on the investment’s website: https://pozytywny-mokotow.yareal.pl/.

The company PORR S.A. was chosen as the general contractor for the investment. The first stage of construction will erect an exemplary office building with an area of 22,000 sq. m., where BNP Paribas bank will locate its main headquarters, as well as a smaller, more intimate 6,000 sq. m. office building. Yareal’s flagship investment will offer tenants modern, class A office space and an indoor green garden unique among office buildings at Daszyński roundabout.

LIXA construction has begun

Construction of the LIXA complex, which will be part of a new business hub that is being developed at Warsaw’s Daszyński roundabout, was preceded by the demolition of the former Kredyt Bank office building. So far, a diaphragm wall has been put up and a foundation slab is being constructed beneath the first two buildings of the complex, at the intersection of Kasprzaka and Karolkowa streets. BNP Paribas bank will locate its main headquarters at the larger of these two buildings.

“LIXA is the most prestigious office investment in Yareal’s history. That’s why we’re cooperating with PORR S.A., one of the most highly experienced general contractors in the construction industry. We place a huge emphasis on our partner’s experience because our LIXA complex offers excellent quality office spaces for the most demanding of tenants. The combination of original architectural design and solid workmanship will provide future tenants with the possibility of individual, non-standard space arrangements and access to a green garden, which isn’t available in high-rise buildings in the area” – says Eric Dapoigny, President of Yareal Polska.

“We’re building the LIXA complex with the conviction that, thanks to this investment, we’ll have the opportunity to construct large and architecturally unique structures near Daszyński roundabout. PORR has built such buildings as the University of Warsaw Library, the Warsaw Stock Exchange headquarters, and the Sea Towers in Gdynia. We want the LIXA complex to not only be an excellent representation of Yareal, but of our company as well” – says Dariusz Wietrzyński, responsible for residential, office and industrial construction at PORR S.A..

65 thousand sq. m. across three stages

The LIXA complex will be completed in stages: two buildings with a total of 28,000 sq. m. of class A office space will be built along Karolkowa street during the first stage. The LIXA complex will offer a total of 65,000 sq. m. of office space. Offices at the LIXA complex will provide comfortable working conditions for the largest international corporations. Employees working at offices in LIXA will have convenient access to their workplace thanks to a nearby metro station, trams and buses. The complex itself will be multifunctional, offering access to restaurants, cafes, and other services essential to any business hub. The LIXA complex will be built around a university campus-style courtyard and garden – an element that will appeal to younger employees. In addition to lush greenery, the central part of the garden will include a pavilion connected to a lobby, which will offer conference and restaurant space for organizing various meetings and events.

The LIXA complex will be certified by the international BREEAM system, which assesses the implementation of solutions related to sustainable construction. Yareal’s flagship office investment will receive an “Excellent” rating.

The UNIMAX Construction Company [Przedsiębiorstwo budowlane UNIMAX] has been chosen as the general contractor for the Łazienki Park Residence project. The modernist and prestigious investment, inspired by interwar architecture, will comprise of 64 apartments and penthouses. Residents will be able to move into their apartments in the Ujazdów district by the end of next year.

The 4-storey building will discreetly blend in to the neighborhood with its stylish stone facade and greenery that will gradually grow along the walls of the Łazienki Park Residence. The modernist structure will be accentuated with round, shimmering corners and balconies inspired by pre-war modernism. The street-facing side of the building will include a beautiful facade crowned with a green pergola on the top floor.

“There’s a lot of interest in this project. Łazienki Park Residence will offer about 50 apartments and penthouses. Each apartment will include a terrace, loggia or private garden. Residents will have access to an exclusive private fitness and relaxation zone with a sauna and room to relax, as well as 84 parking spaces, 8 bicycle racks and 24 storage rooms. This investment will truly be of a unique character and built to high-quality standards, and this requires that we cooperate with a proven, experienced partner – that’s why we chose Unimax as the general contractor” – explains Jacek Zengteler, Yareal Polska Board Member, Head of the company’s Residential Department.

“This will be our sixth investment carried out jointly with Yareal – we are currently building Yareal’s Vice Versa estate in Wola and Eden Włodarzewska in Szczęśliwice. We appreciate the trust that our investor has in us and we look forward to cooperating on this very elegant and demanding project” – said Artur Ciołek, Unimax President.

The building and apartments of Łazienki Park Residence will be characterized by their high standards and attention to detail. The largest penthouses will offer terraces spanning up to 150 sq. m. and above-standard residence heights of up to 3 meters.

Łazienki Park Residence will be tailored to fit the needs of residents with disabilities and will also receive a “Very Good” BREEAM certification. The complex will be implemented with various pro-ecological solutions and residents will receive Fibaro smart home management system packages that facilitate the management of their home appliances and security. Moreover, parking spaces in the underground garage can be equipped with individual charging stations for electric vehicles at a clients' request.

Completion of Łazienki Park Residence is scheduled for the end of next year. For more information, please visit https://www.yareal.pl/lazienki-park.

Sixty percent of Yareal’s flagship 11,500 sq. m. investment has already been leased. The new tenants will move into Nowogrodzka Square in March of next year, occupying over 700 sq. m. of the building’s top floor; giving them exclusive access to a large terrace with a view of the Warsaw skyline.
 
DuPont is a company with a 200-year tradition which provides solutions for, among others, the automotive, food, electronics and construction industries. This global leader in innovation and scientific solutions chose the Nowogrodzka Square office building, built by Yareal in downtown Warsaw, for its headquarters. Yareal’s flagship investment, located a few minutes’ walk from the Central Railway Station, won the Best Constructed Certified Green Building award in a competition organized by the Polish Green Building Council at the beginning of October.
 

“Sustainable development, innovation, and caring for the environment are a part of our company’s DNA, therefore the decision to choose the Nowogrodzka Square office building goes hand-in-hand with DuPont’s global policy. We also took a number of factors into consideration while choosing a location for our headquarters, including the comfort of our team which, thanks to the building’s location, will be able to access it through practically all means of transportation – from trams and buses to the railway, metro lines and bicycles”  – said Andrzej Pałka, Country Manager, DuPont Poland Sp. z o.o.

“Receiving the award for the Best Certified Green Building is a huge success. As part of this extraordinary investment, we not only constructed the office building itself, but also an attractive urban walkway connecting Nowogrodzka Street with Aleje Jerozolimskie. I am convinced that DuPont employees will feel comfortable here; taking advantage of both the walkway and all the amenities and services it has to offer, as well as the terrace” – stated up Eric Dapoigny, President of Yareal Poland.

Nowogrodzka Square is the only modern office building located on this part of Aleje Jerozolimskie. The facade of the building was composed by combining raw concrete walls and an exclusive, semi-transparent onyx in hinged windows. The project – along with its publicly accessible, 100-foot pedestrian walkway – has been incorporated into the modernist and historic tenement houses in the area, which were built at the beginning of the 20th century. Nowogrodzka Square was built in accordance with the highest requirements for ecological construction, as confirmed by its Excellent BREEAM certification.

A typical floor at the Nowogrodzka Square complex offers nearly 2,000 sq. m. of modern and easy-to-arrange office space. The building also has an underground garage that can accommodate up to 148 cars, as well as a dedicated parking area for bicycles.

DuPont was represented by Colliers throughout the process of negotiating its terms of lease with Yareal.

More information on the Nowogrodzka Square office building can be found at: https://www.yareal.pl/en/nowogrodzka-square.