Echo and AFI present first building of Towarowa 22 complex

16
Nov
2023
News - Echo and AFI present first building of Towarowa 22 complex #AFI Europe #Echo Investment #office #Poland #Warsaw

by Property Forum | Office

At the corner of Pańska Street and Wronia Street in Warsaw, the construction of the underground part of the first phase of the mixed-use project Towarowa 22 is coming to an end. In addition to offices, the Office House building offers retail spaces and attractive green areas. This is a promise of a joint project by companies belonging to the Echo Investment Group and AFI Europe.


Office House is the first building being developed on a 6.5-hectare plot between Towarowa Street, Pańska Street and Miedziana Street. The new part of the centre of Warsaw, which is being built here, will eventually cover, according to investors' competencies, apartments for long-term rental and sale, offices, retail and service premises, as well as impressive green areas

The ground floor of the Office House building is dedicated to retail, services and restaurants, as well as to conservatories with small architecture and resting areas, highlighting inspirations coming straight from nature. The remaining floors will feature flexible working spaces with green loggias. The original character of the building will be emphasized by a connected, inviting pavilion with a transparent structure and an internal mezzanine.

Users of the building can easily reach it by public transport - a walk from the metro station "Rondo Daszyńskiego" will take two minutes, as well as by bicycle - with a direct entrance to a dedicated parking lot with facilities for those using single-track vehicles.

"Office House, like the entire project at Towarowa Street, sets a new quality in the centre of Warsaw. The building responds to the needs of employees, for whom offices help them achieve full efficiency in a hybrid work model or after a full-time return to their onsite work. At the same time, the technologies used place Office House among the most advanced buildings in Poland in terms of pro-environmental solutions, including carbon footprint reduction. This is an important argument for organizations that are guided by ESG principles, also when choosing their headquarters", says Rafał Mazurczak, a member of Echo Investment's management board.

Office House will be powered by renewable energy, including some generated on-site, such as by photovoltaic panels. It will have a three-layer glass facade that will preserve an optimal temperature inside the building at all times of the year, reducing energy consumption for cooling or heating. Lower electricity consumption will also be possible thanks to LED lighting controlled by the DALI system. In turn, the air quality inside the building will be taken care of by a special purification technology modelled on processes naturally occurring in nature.

"Office House is part of a modern, pro-social and smart district where daily life, work and leisure will be merged. The buildings we designed, as well as the space around them, respect the history and context of the location, and at the same time are in line with a trend of inclusive urban planning with a view to the needs of users of different professions, ages and interests", comments Maciej Rydz, a partner at Jems Architekci.

The building is being constructed in accordance with the requirements of BREEAM environmental certification at the highest level of "Outstanding." It will also meet the guidelines of the WELL certification assessing the impact of buildings on human health and well-being, as well as the WiredScore and SmartScore certifications analysing technological solutions.

Office House will have about 31,000 sqm of leasable office and retail space. After reaching ground zero this November, the building will rise at the rate of one above-ground floor every 10 business days or so. The construction is scheduled to be completed in the second quarter of 2025.

In the middle of 2025, a part of Park Słowa situated on the side of Miedziana Street will also be delivered for use. At the end of 2025 the first residential building adjacent to it, which is being developed by a company of the Echo Investment Group, will be completed. A year later, the rest of the green areas with a restored pavilion of Dom Słowa Polskiego will be made available to visitors.

Towarowa 22 will bring new urban and functional value to a 6.5-hectare area formerly occupied by a printing plant. Offices, apartments for long-term rental and sale, restaurants, service points, as well as public spaces will be created here. The project is surrounded by greenery, between which a network of urban streets as well as walking and biking trails has been laid out. The centrepiece of the project will be a park with a modernistic pavilion of Dom Słowa Polskiego. The total usable area of the buildings will be about 200,000 sqm. The entire project will be completed by 2028.




Latest news


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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