CA Immo starts renovation of Saski Crescent in Warsaw

23
Feb
2023
News - CA Immo starts renovation of Saski Crescent in Warsaw #CA Immo #ESG #office #Poland #renovation #Warsaw

by Property Forum | Office

The Saski Crescent office building, located in Warsaw, at the intersection of Marszłakowska and Królewska streets, will offer more than 15,000 sqm of office space after renovation. The procedure will be completed in 2024. 


"Successively increasing the energy efficiency of the building stock is one of the biggest challenges for the real estate sector. With the planned renovation of Saski Crescent, we will be able to offer the Warsaw office market a completely new and attractive product, while at the same time taking another step towards achieving CA Immo's climate targets. The boutique character of the building, its prestigious location, the surrounding greenery and proximity to the park, convenient connections to Warsaw's public transportation network, and the green solutions for optimised energy efficiency, which also enable savings in operating costs, are unique assets of this project. In addition, the new Saski Crescent will offer attractive common areas that tenants can use for less formal meetings and exchanges. In this modernization project, we are focusing on those elements that bring the greatest benefit to both our tenants and the environment", said Andrzej Mikołajczyk, Managing Director at CA Immo in Poland

In line with CA Immo’s strategic focus on Class A, green office buildings, the modernization of Saski Crescent aims at both people’s comfort and functionalities supporting environmentally and climate-friendly building operations. Modernized systems like a digital Building Management System (BMS), Smart Meters and new technological solutions for optimal ventilation quality, overall thermal comfort and energy-efficient lighting are expected to lead to a significant increase in building energy efficiency and tenant comfort. The renovation process is designed to lead to a 30% reduction in Primary Energy Demand (PED) of the building, resulting in energy consumption which is 40% below the European average specified by the ESG Index (index-esg.com). The planned reduction in PED is in line with the Technical Screening Criteria for renovation of existing buildings as defined by the EU Taxonomy Regulation.

Like all CA Immo properties in Poland, Saski Crescent is 100% powered by renewable electricity. On-site renewable energy will be additionally generated through the installation of photovoltaic panels on the roof.

In addition, CA Immo will implement a new, functional design for the common areas of the building. With the building's users in mind, CA Immo will introduce new services like a small gym, as well as facilities for cyclists and electric car users. Saski Crescent will be certified according to BREEAM (Excellent level) and WELL Core & Shell standards. By using intelligent digital solutions that support efficient use of the building, CA Immo is also aiming for WiredScore certification. In the next step, the neighbouring Saski Point office building will also be converted in a similar way.




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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