News Article Czech Republic development ESG investment office Poland Slovakia USA
by Property Forum | Office

Czech investment group Enern and Lincoln Property Company, an American company operating in the European market including Slovakia, have started construction of a new office project in Warsaw called The FORM. The project was purchased by the new owners in 2021 from Penta Real Estate. Its financing includes recently issued bonds worth €30 million with an annual coupon of six and a half percent, which are managed and secured by J&T Bank. The bonds are listed and traded on the Bratislava Stock Exchange, reports.

The FORM in the Wola district of Warsaw is to become a showcase building in terms of applied ESG solutions, as Troy Javaher, Managing Director of Lincoln Property Company, told The design of the 31,000 sqm building was intended to be environmentally friendly right from the start. Thus, according to Damian Grzywacz, Managing Director of Lincoln Property Company in Poland, one hundred percent of the electricity consumed during the operation of the building will come from renewable sources, including the installation of photovoltaic panels located on the roof. Another element that ensures high energy efficiency is the triple glazing of the façade with a thermal layer.

There will be 2,500 sqm of retail space and 28,300 sqm of offices in The FORM. The nine-storey building will also have an unroofed atrium full of greenery of almost 700 sqm.

"We will also use technology and equipment that will reduce water consumption by 50 percent. The building will be equipped with the most modern air purification and humidification systems and free cooling, as well as a rainwater tank that will be used to irrigate the surrounding greenery," explains Grzywacz. There will also be extensive facilities for cyclists and 254 car parking spaces in the building, including charging spaces for electric vehicles.

The FORM is aiming for WELL and LEED Platinum certification and will be one of the few buildings in Central Europe to have other certifications such as WiredScore, SmartScore, ActiveScore and AirRated.

Kuryłowicz & Associates and Vietzke & Borstelmann Achitekten were involved in the first concept, while Epstein prepared the final design. The general contractor is PORR and the project is scheduled for completion by the end of 2024.