Lincoln Property Company (LPC), an established investor, developer, and provider of management services, active in the US and European commercial real estate sector, has resumed its operations in Poland. Damian Grzywacz was appointed Managing Director of Lincoln Property Company in Poland following LPC’s acquisition of The Form in Warsaw last year, and has been tasked with identifying further investment projects in the region.
"We have ambitious growth plans in various sectors of the real estate market in Poland", declares Damian Grzywacz, Managing Director at Lincoln Property Company in Poland.
Founded in 1965 in Dallas, Texas, LPC is one of the most diversified private commercial real estate investment organizations in the US. Since it was established, LPC has developed more than 14 million sqm of commercial projects and 220,000 multi-family units. As an investor, Lincoln has acquired more than $22 billion of assets over the last 15 years and currently manages assets valued at more than $94 billion.
LPC launched its operations in Europe in the early 1990s, developing more than 2.5 million sqm in 9 European countries. Lincoln’s current European platform focuses on both investment and development opportunities, with over €1.6 billion in development across multiple sectors in the United Kingdom, Czech Republic, Slovakia, and now Poland, after opening an office in Warsaw at the end of 2021.
"As one of the most attractive real estate markets in Europe, Poland is a natural place for us to expand our operations. We have ambitious growth plans in various sectors of the real estate market in Poland. We intensively look for investment projects in several strategic sectors: office, mixed-use and logistics, both in terms of development and asset management. Our developments in Poland will focus on technological innovation and be centred around ESG, as we look for mixed-use, placemaking projects, like the Station Hill development in Reading, UK", says Damian Grzywacz, Managing Director at Lincoln Property Company in Poland.
Lincoln Property Company's first development project in Poland is The Form office building. It will be located in Warsaw's Wola district, at the junction of Miedziana and Pańska streets. The building will offer nearly 31,000 sqm on nine storeys, including around 28,500 sqm of office space and 2,500 sqm for retail and service purposes. The heart of the building will be a spacious, green patio – which will provide spaces for meetings and leisure. The development is scheduled to start in H2 2022. The completion is planned for H1 2024.
"The Form is our powerful entry into the Polish market. It will be the first new generation building in Poland. It will address the tenants’ expectations and needs which were shaped during the pandemic. We have a unique opportunity to adapt the design of the building and its functions to the new expectations of the market. Our ambition is for The Form to become a reference point for all office buildings in this part of Europe – both in terms of comfort of use, technological solutions, and ESG solutions. Our project will be WELL and LEED certified and, first and foremost, it will also have the certificates of Net Zero Carbon, Active Score, and Air Rated”, sais Damian Grzywacz, Managing Director at Lincoln Property Company in Poland.
Lincoln Property Company has chosen JLL, an international consultancy agency, as the exclusive agent responsible for the commercialization of the office and retail space of The Form project.
"We appreciate the trust placed in us by such a reputable partner as Lincoln Property Company, all the more so because we have been asked to commercialise their first investment in Poland. The experience of the last two years has clearly had an impact on setting new standards in the office sector. The Form project responds to these needs, and it also sets new trends in how the contemporary work environment is being shaped", adds Ilona Danelczyk, Director of Office Agency at JLL.
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