News Article CA Immo ESG office Poland Warsaw
by Property Forum | Office

CA Immo has concluded 45 lease agreements with a total of nearly 29,000 sqm of office space in Warsaw in the past year, 20% of which in the fourth quarter of 2022. Based on the Group's international net zero initiative, the company has also introduced a green lease initiative in 2022, governing mutual commitment of landlord and tenant to optimize sustainable building operations. Since May 2022, 23 green lease agreements have already been concluded.

CA Immo, which has eight high-end office properties in its Polish portfolio located mainly in Warsaw's Central Business District, but also in Wola, Mokotow and Ochota, recorded greater momentum in leasing activity and a return to pre-pandemic levels during 2022. Among the company's biggest leasing deals in the past year was the leasing of almost half of the Warsaw Spire C building – in the last four quarters, five companies signed contracts for a total of 10,000 sqm of office space in this building. Currently, the overall economic occupancy rate in CA Immo´s Warsaw portfolio stands at 93%. Renewals involved more than 21,000 sqm of leased space. The remaining 8,000 sqm leased were expansions and new contracts.

"Our good leasing result for 2022 shows that centrally located properties offering high-quality, sustainable office space, managed by a proven, trustworthy and reputable partner continue to be attractive for tenants. Through the ongoing modernisation of our buildings and the invitation to our tenants to participate in our ESG initiative for environmentally and climate-friendly building operations, we are successfully building long-term relationships with our clients. Our green lease initiative has been extremely well received by our tenants as it creates a win-win-situation: We can manage the whole building efficiently and climate-friendly, and our tenants can reduce their operating costs, at the same time setting a strong example for sustainability," commented Andrzej Mikołajczyk, Managing Director at CA Immo in Poland

The introduction of “green leases” is a distinguishing factor of CA Immo's offering at the Polish market. Both tenants and landlords commit to saving natural resources and energy. Benefits of a green lease include efficient energy management through active exchange and analysis of consumption data (incl. tenant consumption), cost savings through the reduction of electricity consumption and CO2 emission intensity, promotion and use of renewable energy sources, waste reduction and avoidance of environmentally harmful cleaning agents. So far, the company has signed "green leases" for nearly 18,000 sqm of office space in Warsaw.

In line with the company´s ESG commitment to push energy efficiency and reduce carbon emissions of the investment portfolio, CA Immo is investing in the modernization and sustainability of its buildings on a constant basis. Since 2021, the company's entire Warsaw portfolio has been powered by 100% renewable electricity. The company has also announced the comprehensive renovation of one of Warsaw's most recognizable office buildings, Saski Crescent, targeting to significantly increase energy efficiency and tenant comfort. The work started this quarter.