News

2023-12-01

Yareal Initiates Its First Lex Developer Project in Służewiec

Yareal has launched pre-sales for over 200 apartments in its inaugural project, designed under the special housing law.


The MOKOPOLIS building, with its cascading structure, is located in Warsaw's Służewiec district and has been developed through consultations with the Polish capital’s municipality and the local community. This collaborative approach has significantly influenced the final design of the project. Key enhancements include a publicly accessible green square, complete with a playground, and parking areas for guests and couriers. Additionally, Yareal has committed PLN 5 million to conceptualizing and modernizing a nearby primary school.

 

The MOKOPOLIS project, situated at 4a Postępu Street, emerged from consultations under the special housing law, leading to a diverse building height ranging from four to nine stories. The WWAA studio led the design process, and the building’s features ensure optimal illumination of both residents’ apartments and a large shared patio. The building's cascading structure also facilitated the creation of spacious terraces on the upper floors, each extending to nearly 100 sq.m. Set behind the C-shaped structure, away from Postępu Street, Yareal plans to construct an open, green recreational square with rich vegetation, a rain garden, and natural material fixtures, forming part of a larger green corridor extending across several neighboring estates.

 

MOKOPOLIS is Yareal's first residential venture created under the special housing law, necessitating close collaboration with city officials and the local government, approval by the Warsaw Council, and a strong emphasis on social dialogue and public consultations. This process, though transparent, is challenging, lengthy, and expensive, but it allows the active involvement of all stakeholders in creating an optimal project. This approach enables a harmonious compromise that benefits the city, the district, its neighbors, and future residents of MOKOPOLIS. Our experience with social consultations clearly indicates that residents prefer open estates and an active social life within well-planned spaces, hence their engagement in the consultation process to ensure their views are considered. The outcome is a community-oriented project that contributes to the district's development and breaks through the current office architecture throughout the district,” – explains Yareal CEO Jacek Zengteler.

 

The architecture employed as part of the MOKOPOLIS project distinctly reflects the historical industrial heritage of the Służewiec district. Its unique façade blends harmoniously with neighboring buildings, including a hotel initially designed as an office. The building's striking white frame, with horizontal elements forming into a gentle wavelike pattern, complements the panels on its loggia, with lattice railings further enhancing its elegance and brightness. In Służewiec, like in many urban areas, there's an increasing trend for functional transformation in city development plans. This is facilitated by the special housing law, enabling land use changes to provide much-needed urban functions and improve both spatial quality and living standards, as exemplified by MOKOPOLIS,” – adds Marcin Mostafa, who is leading the project at the WWAA studio.

 

In implementing the project, Yareal will invest PLN 5 million in the nearby branch of Primary School No. 191 at 12 Gruszczyńskiego Street. Following preliminary discussions with the local government and officials, the developer will prepare a phased expansion concept for the school and undertake its modernization or expansion. The final scope of work on the school premises is still being negotiated with district and city representatives. Yareal's investment in educational infrastructure is also a part of the special housing law, allowing for land rezoning following transparent guidelines set by local authorities and agreements reached during the consultation process.

 

Most apartments in MOKOPOLIS are desirable two- and three-room units, ranging from 35 to 66 sq.m., equipped with loggias and balconies. The offer also includes studio apartments and larger family units up to 120 sq.m. Ground-floor apartments, with heights exceeding 3.25 meters, will feature private gardens, some as large as 133 sq. m. Residents on upper floors will enjoy terraces ranging from a few to over 90 sq. m. The ground floor facing Postępu Street will host eight commercial units to serve the needs of residents and neighbors. A two-level underground garage will accommodate 256 cars. Community consultations led to the inclusion of 18 spaces for guests and couriers, who will have a dedicated section in the underground car park. An additional stairwell has been designed to manage these guest parking spaces efficiently, ensuring easy access between the underground garage and the ground floor.

 

The project will undergo rigorous certification for sustainable solutions under the international BREEAM green building scheme. Expectations for a 'Very Good' BREEAM rating are based on features like an in-house solar power plant, the use of low-emission concrete in the construction process, optional electric car chargers at selected underground parking spots, and an energy recovery system thanks to the installation of state-of-the-art elevators.

 

For more information about MOKOPOLIS, please visit the investment website: https://www.yareal.pl/mokopolis.

Contract
2024-03-01

LIXA D welcomes a new office tenant

A dynamically growing fintech company has leased nearly 2,600 m2 of office space in the LIXA D building, which is being erected as part of an office complex near the Warsaw’s Daszyński Roundabout.


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The new tenant will occupy over 25% of the building’s commercial space.

I am very pleased with signing the lease. It means that another new technology company, occupying as much as 25% of the LIXA D building, has joined our tenant roster. Closing of this transaction proves that the LIXA complex meets the expectations of the most demanding clients. During the negotiation process, we were focused on the tenant’s needs, which translated into efficient closure of the deal and reaching an agreement. We are looking forward for our new tenant to move into its newly finished office. This is clear evidence that the LIXA development meets the highest standards in terms of space arrangement, technical equipment and location, as well as the offer of the service and retail outlets located on the ground floor of the buildings,’ said Marta Zawadzka, Leasing Director at Yareal Polska.

The offices of the new tenant in LIXA D will be arranged on 2,600 m2 of space located on
the 4th and 5th floor of the building. The company will move into the office building at the end of 2024.

The LIXA D office building is the last building being erected as part of the largest office complex in the Yareal Polska’s portfolio. It is being developed on the west side of the publicly accessible LIXA City Gardens walkway, tying the entire complex together. LIXA D will deliver nearly 10,000 m2 of modern office space to the Warsaw market and will be ready to welcome tenants at the turn of the Q1 and Q2 of 2024.

The LIXA D building fits perfectly with Yareal Polska’s ESG-compliant sustainable development strategy. The project is powered by electricity from renewable sources. In addition, some of the environmentally-friendly, energy-saving solutions applied in the development include low-emission concrete and low-carbon recycled aluminium aimed at reducing the carbon footprint, and rainwater collection to irrigate vegetation. LIXA D as well as other parts of the complex will feature tilt windows, which will allow access to fresh air and, at the same time, help limit the use of air conditioning. What is more, high-speed energy recovery elevators, as well as modern LED lighting will be installed in LIXA D.

The underground part of the last stage of LIXA (including LIXA D and E buildings), which is under construction right next to a representative pedestrian walkway forming a new passage between Kasprzaka and Giełdowa streets, will have a total of 217 parking spaces. Some of them will be equipped with electric car chargers. Racks as well as showers and lockers are provided for tenants biking to work.

The LIXA office campus is being developed in stages in the Warsaw business hub in the centre-adjacent part of the Wola district, just a short walking distance from the Rondo Daszyńskiego metro station. The campus was designed by a renowned architectural studio HRA Architekci. Both the existing buildings and the LIXA D office building under construction are certified under the BREEAM green building system, with an Excellent rating. In addition, the LIXA development was awarded the WELL Health-Safety certificate, confirming its high standard of safety procedures. Once the LIXA D office building is completed, LIXA will form a complex of five buildings with a total area of 77,000 m2.

Contract
2024-02-27

More companies choose LIXA E

A leading manufacturer of aluminum systems in Europe, Aluprof SA, has joined the tenant roster in the LIXA E building.


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The 340 m2 of modern space located on the ground floor of the building will house the company’s office and Aluprof’s first showroom in Warsaw. The LIXA E building has also been chosen by the medical communications agency Unique Work for its new headquarters. The company has leased nearly 285 m2 of space, also on the ground floor. Next to the company’s office, there will be a state-of-the-art recording studio. The newest office building of Yareal Polska’s flagship investment is already more than 70% commercialized.

The LIXA E office building was erected as part of an office campus near the Daszyński Roundabout in Warsaw. It was developed on the west side of the public walkway LIXA City Gardens, tying together the entire LIXA complex, which will ultimately consist of five buildings with a total area of 77,000 m2. The LIXA E building has delivered nearly 18,000 m2 of modern office space to the Warsaw market.

We are very pleased to have entered into more agreements at LIXA E and are happy to welcome Aluprof SA and Unique Work among the tenants of our office project. These companies being attracted to LIXA and their planned space arrangements depict perfectly well the multi-functionality of our complex. Very well-connected, with excellent visitor accessibility and exposure, it is an ideal location not only for traditional offices, but also for spaces such as a showroom or recording studio. I am confident that our new tenants will appreciate the comfortable environment offered by LIXA for business development,” said Marta Zawadzka, Leasing Director at Yareal Polska.

Aluprof SA is part of Grupa Kęty SA. The company is one of the leading manufacturers of aluminum systems in Europe. It has subsidiaries in several European countries, as well as in the United States. With more than 70 years of experience, Aluprof SA has continuously been accommodating more than 1,900 clients from various industries.

The ground floor of LIXA E will be home to Aluprof SA’s office and the first Warsaw showroom for this recognized brand. It will be a place where architects, manufacturers and clients alike will have the opportunity to see Aluprof products in attractive arrangements. The lease agreement for 340 m2 of space in the LIXA E office building was signed for seven years. Brookfield Partners advised the tenant in the negotiation process.

The leading medical communications agency Unique Work has also chosen LIXA E. The company has many years of market experience and specializes in comprehensive marketing services for entities in the medical, pharmaceutical or Healthcare & Beauty sectors.

Unique Work has leased premises of 285 m2 in area at LIXA. They will house the company’s office and a state-of-the-art recording studio. Unique Work was advised in the negotiations with Yareal Polska by Patron Brokers, and the lease agreement was entered into for five years.

The LIXA E building was delivered in January 2024; like the remaining parts of the complex, it was completed in accordance with a sustainability strategy that puts ESG standards at the forefront. During the construction of the office building, only electricity from renewable sources (onshore wind farms) was used. The same sources of energy will power the building during its operation later on. Among others, low-carbon concrete for the entire structure as well as recycled low-carbon aluminum on the façades of the complex were used. In addition, the office building is designed with openable windows, which will reduce the use of air conditioning while still providing fresh air; high-speed energy recovery passenger lifts were installed inside the building, along with modern LED lighting. Rainwater will be collected to irrigate shrubs, perennials and lawns in public gardens. An ornamental pond will be created in the courtyard, where water mist will be sprayed on hot days.

The LIXA office campus is being developed in stages in the Warsaw business hub in the Wola district near the city centre, just a short walking distance from the Rondo Daszyńskiego metro station. The campus was designed by the renowned architectural studio HRA Architekci. Both the existing buildings and the last LIXA D office building under construction are certified under the BREEAM green building system, with an Excellent rating. In addition, the LIXA development was awarded the WELL Health-Safety certificate, confirming its high standard of safety procedures.

Contract
2024-02-22

Yareal Announces Launch of Apartment Sales in New SOHO Building

Yareal is pleased to announce the commencement of sales for 180 apartments in the newest addition to the SOHO by Yareal project, located in the Kamionek district of Warsaw.


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The SOHO 12 building is set to enhance the architectural continuity of the area, complementing the streetscape alongside SOHO 10 and the recently unveiled SOHO 14 and SOHO 16. The groundbreaking for this latest phase is eagerly anticipated this spring.

 

SOHO 12 marks the culmination of the metropolitan façade at the northern edge of the SOHO by Yareal complex, situated on Żupnicza Street. It will reside between SOHO 10 and SOHO 14, seamlessly extending their design ethos, which reverberates with the site's industrial legacy. The façade facing the street will feature white plaster adorned with distinctive motifs, while the park side will boast brick tile finishes. The ground floor will incorporate Corten, previously utilized in neighboring structures, offering a unique aesthetic thanks to its its rust-colored patina.

 

„SOHO 12 stands out with its engaging façade that harmonizes with the overarching SOHO by Yareal concept. The diverse range of apartments, from one-bedroom to five-bedroom penthouses, spans from 30 sq. m. to 130 sq. m. The building’s varied height, spanning six to eight floors, allows for numerous apartments to enjoy spacious terraces. Echoing the design of adjacent buildings, SOHO 12 will gracefully descend towards the park, creating serene green courtyards. The recently inaugurated linear park and meticulously finished communal spaces further enrich the project's vibrant architecture and multifunctional essence,"  – explains Jacek Zengteler, President of Yareal.

 

Construction is slated to start this spring, introducing an elegant lobby as the main entrance and a strategically placed underground garage entrance off a parallel alley to Żupnicza Street. The ground level will feature five retail spaces, including three street-facing shops and two park-facing units, ideal for gastronomic ventures such as cafés or restaurants, complete with outdoor seating areas for guests.

 

SOHO by Yareal is set to evolve into a vibrant, multifunctional complex, centered around a 300-meter linear park, unveiled in December 2023. This green corridor, adorned with nearly 17,000 plants and over 100 trees, alongside landscaped squares and benches, has been developed to enrich the community's quality of life. Last year, residents were treated to new amenities including a community garden and a children's playground, meticulously designed to reflect the local community's aspirations. An innovative rainwater collection system ensures the sustainable irrigation of these verdant spaces.

 

The expansive 5-hectare SOHO by Yareal complex, comprising upscale apartments and condominiums, is poised to become home to approximately 900 families. Embracing the "15-minute city" philosophy, the development integrates residential, commercial, and leisure facilities, offering a holistic urban experience. This flagship project caters to the evolving demands of residents and visitors, fostering a lively communal atmosphere with accessible recreational spaces.

 

Adjacent to this dynamic complex is Skaryszewski Park, one of Warsaw's largest green spaces, enhancing the locale's appeal along with the nearby Kamionkowski Lake. The forthcoming Mińska metro station, located a short walk away, promises enhanced connectivity. Yareal's commitment to sustainable and responsible development has been recognized with the prestigious BREEAM Communities certification, underscoring the project's high standards in urban design and environmental stewardship.

 

For more information about SOHO by Yareal, visit the project's website: https://www.yareal.pl/en/sohobyyareal


Contract
2024-01-31

LIXA E with use permit

The LIXA E office building, built as part of the office complex near Warsaw’s Daszyński Roundabout, has been granted a use permit.


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The building developed by Yareal Polska has provided the Warsaw market with almost 18,000 m2 of modern office space, designed and executed in line with the sustainable development strategy.

 

The LIXA complex located in the business heart of Warsaw, in the close Wola district, is the largest project in the Yareal Polska’s office portfolio. Upon completion, the complex will comprise five buildings totalling 77,000 m2. LIXA E, which has just been granted a use permit, has been developed as part of the final phase of campus.

 

LIXA E, located on the west side of the public passage LIXA City Gardens and linking the entire complex, has provided the Warsaw market with almost 18,000 m2 of modern office space, highly popular amongst tenants already at this stage. The occupancy rate in the LIXA E building is over 70%, and Yareal Polska is conducting advanced talks with businesses interested in having their future seats at LIXA.

 

We are more than happy that 1.5 years from breaking ground, we may announce that LIXA E, another building in the LIXA complex, has been granted the use permit. LIXA E perfectly answers the current expectations of tenants and fits the profile of a friendly workplace. The campus-like development, one of the biggest currently available in the market in terms of the floor area, i.e. 3,400 m2, hence giving the tenants freedom in arranging the space, offering numerous green areas, well-thought-out technology or functional solutions, including tilt windows, makes LIXA stand out. An eye-catching asset of our complex is also the LIXA City Gardens concept which is unique in the market. A wide and varied retail and F&B offer, including restaurants, pubs, bars, cafés or showrooms, makes it a vibrant place not only during the working day, but also after hours. We are delighted that our project is so well perceived by the tenants,’ said Marta Zawadzka, Leasing Director at Yareal Polska.

 

The LIXA E building, just like other parts of the complex, was delivered in line with the ESG-compliant sustainable development strategy. Both during the construction phase and subsequent operation, the building has been and will be powered by electricity from renewable sources only, i.e. onshore wind farms.

 

What is more, low-carbon concrete for the entire structure as well as recycled low-carbon aluminum on the façades of the complex were used. In addition, the tilt windows designed for the office building will allow limited use of air conditioning; high-speed energy recovery elevators, as well as modern LED lighting were installed inside the building. Rainwater will be collected to irrigate shrubs, perennials and lawns growing in public gardens. A decorative pond will be made in the courtyard, around which water mist will be sprayed on hot days.

 

The underground part of the final stage of LIXA (which includes LIXA D and E buildings), which is under construction right next to a representative pedestrian walkway forming a new passage between Kasprzaka and Giełdowa streets, offers a total of 217 parking spaces. Some of them are equipped with electric car chargers. Racks as well as showers and lockers are provided for tenants biking to work. With this particular stage of LIXA in mind, Yareal Poland has also renovated the neighbouring streets, including a part of one of the key arteries of Warsaw’s Wola district – Kasprzaka street. In spring, renovation of the entire Giełdowa street will begin.

 

The LIXA office campus was designed by the renowned architectural studio HRA Architekci. Both the existing buildings (including LIXA E) and the LIXA D office building under construction are certified according to the BREEAM green building system, with an Excellent rating. In addition, the LIXA development was awarded the WELL Health-Safety certificate, confirming that the complex meets the highest requirements for safety standards and procedures.

 

The last building comprising the LIXA complex (LIXA D office building) is still under construction.
LIXA D is scheduled to be commissioned at the turn of Q1 and Q2 2024.

Contract
2024-01-10

Yareal Obtains Financing for Additional LIXA Office Buildings

Yareal Polska and BNP Paribas Bank Polska have successfully concluded credit agreements totaling 63.8 million euros, enabling the development of the prestigious LIXA office project.


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The funds will be predominantly allocated to finance the subsequent two phases of the LIXA campus office complex, which is under development in the business hub of Warsaw's Wola district. Additionally, the funding will provide Yareal with extra capital for acquiring new land and initiating more investment projects.

 

The construction of two more office buildings, LIXA D and E, will be undertaken with the backing of BNP Paribas Bank, continuing the longstanding collaboration established in the initial phases of Yareal's most significant investment to date. In the project's initial phase, completed three years ago, Yareal constructed the 22,000 sq. m. headquarters for BNP Paribas Bank. With credit agreements close to 64 million euros supporting the project's continued development, BNP Paribas is expanding its involvement in the LIXA project.

 

The signing of these additional financing agreements symbolizes the enduring trust and deepening relationship between Yareal and BNP Paribas. Our previous successful collaborations in the development of the LIXA office complex affirm our belief in the project's positive market reception, and we anticipate that its upcoming phases will further enhance this standing” – remarked Marek Kowalski, Head of Structured & Real Estate Finance Poland at BNP Paribas Bank Polska.

 

We are also united in our commitment to sustainable development and adherence to ESG standards. In LIXA, this is reflected in our use of eco-friendly technologies and the creation of flexible, comfortable office spaces, alongside green areas and a range of services that enable tenants to efficiently manage day-to-day tasks and relax in the LIXA gardens” – adds Marek Esz, Deputy CFO of Yareal Polska.

 

Yareal's flagship project is situated near Rondo Daszyńskiego in the capital city’s Wola district. When completed, it will consist of five office buildings with a total area of 77,000 sq. m., creating a campus-style complex centered around two lush courtyards. The first three office buildings, A, B, and C, offering a rental area of 48,000 sq. m., have already been finished and fully commercialized. The concluding phase, office buildings D and E, is rising on the western side of the metropolitan LIXA City Gardens passage, which unifies the entire complex. This 150-meter pedestrian zone connects Kasprzaka and Giełdowa Streets and is currently populated with new rental spaces offering services, dining options, and retail stores.

 

The LIXA complex, designed by the acclaimed HRA studio, has been certified in the BREEAM international sustainable building system, receiving an Excellent rating. This achievement is partly due to the implementation of various eco-friendly technologies and solutions. Aligning with ESG principles, the construction utilized low-emission concrete and hundreds of tons of low-emission recycled aluminum with a minimal carbon footprint. Yareal is also certifying the office complex under the WELL Health-Safety system, confirming the adherence to the highest safety standards, a crucial consideration, especially in light of pandemic risks.

Contract
2023-12-11

Yareal Opens Linear Park, Apartments and Residences in Kamionek

The SOHO by Yareal complex in Warsaw's Kamionek district has recently expanded with a 300-meter linear public park alongside 55 apartments and 241 residences.


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Yareal has completed this project's second and most pivotal phase, which encompasses the creation of the verdant axis, two cozy apartment buildings, and two additional high-standard residential buildings. On Saturday, December 16, an Open Day with various Christmas-themed activities, including a visit from Santa Claus, will be hosted at the estate. The park in SOHO by Yareal will be adorned with festive lights for Christmas and New Year's, enhancing the ambiance for residents and guests alike until the end of January next year.

 

Soon, nearly 300 families will be moving into the newly constructed apartments and residences by Yareal. From their arrival, they will have access to the newly established linear park, which sprawls across most of the block. The park boasts lush greenery with over 17,000 plants, including over 100 trees and shrubs. Some plants are preserved from the site's industrial past, while others have been transplanted in a complex and meticulous operation. The park also features nearly 40 maples, hornbeams, apple trees, and birches, some reaching 5 meters in height, alongside over a thousand hydrangeas of various types and 6,000 shrubs of different species.

 

We are opening this well-kept, attractive garden to all, having fulfilled residents' wishes by reconstructing the playground with new features like a zip-line for children. The park has been designed with all age groups in mind, and I am confident its popularity will grow thanks to its recreational spaces and enjoyable atmosphere. Both residents of SOHO by Yareal and visitors will also enjoy the on-site cafés, restaurants, and various service points and shops, which will gradually build their offering across the numerous rental spaces located on the ground floors of the new buildings. While there's more work ahead in completing additional phases of the investment, the inauguration of the garden and its surrounding buildings give us a taste of the ambiance of this area and the project as a whole” – explains Jacek Zengteler, Yareal’s CEO.

 

During December and January, celebrating Christmas and New Year’s, the complex will be illuminated with decorative lights to highlight both the newly unveiled park and apartment buildings, which echo the area's industrial history. The site of SOHO by Yareal has a century-long history of hosting various manufacturing and production operations, including jute, ammunition, SHL motorcycles, Osa scooters, and, more recently, microscopes and binoculars. The Open Day event will feature a variety of attractions in the illuminated park, such as children's activities with Santa Claus and workshops for DIY Christmas decorations.

 

The apartments and residences in SOHO by Yareal are in high demand, partly due to their proximity to Warsaw's city center and the upcoming Mińska metro station. The area's appeal is further enhanced by its closeness to Błonia Kamionkowskie, Skaryszewski Park, one of Warsaw's largest parks, and Kamionkowski Lake. As part of the project's third phase, Yareal has recently started selling apartments and residences in the SPLENDOR and SOHO 10 buildings, which are quickly finding buyers.

 

SOHO by Yareal is envisioned to become a local hub, integrating residential, recreational, dining, and service functions, thus enabling residents to satisfy most of their daily needs on-site. The project has been distinguished with the pioneering BREEAM Communities certification in Poland, recognizing the highest urban design quality standards, developed in consultation with local government and conservation authorities.

 

The complex incorporates eco-friendly features, including low-emission concrete for new structures and a rainwater retention system. The collected rainwater, stored in underground tanks, will irrigate over a hectare of green spaces. SOHO by Yareal also boasts a community garden constructed in nursery containers made from recycled clothing composites. Residents can cultivate vegetables, herbs for home cooking, and ornamental plants.

 

For more information about SOHO by Yareal, please visit the investment's website: https://www.yareal.pl/en/sohobyyareal.

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Yareal's world

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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A dynamically growing fintech company has leased nearly 2,600 m2 of office space in the LIXA D building, which is being erected as part of an office complex near the Warsaw’s Daszyński Roundabout.

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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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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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