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Yareal signed the sale agreement for two office buildings in LIXA office complex
Yareal signed the sale agreement for two office buildings of the flagship investment project LIXA located in Warsaw.
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.
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The entire investment, including the buildings, the usable space around them and the surroundings, has been designed to provide the residents with maximum comfort of use.
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Yareal Polska is a long-established, quality-leading real estate development company specialising in the high-end residential and apartment segment. The company has a strong capital position
and strong shareholder support. Since 2005, we have been actively involved in the Polish Association of Developer Companies PZFD. As a member of the PZFD, we adhere to a code of good practice. We are committed to maintaining the highest quality standards.
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SUSTAINABLE DEVELOPMENT

ESG is one of the key terms for real estate developer projects which directly impacts the management and corporate responsibility of the business.
Sustainable development has been one of the foundations of Yareal's growth from the very beginning. We are aware of the great responsibility arising from new projects and functions which define the conditions and comfort of living in the city for decades to come.
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