Yareal starts construction of final phases of Lixa in Warsaw

28
Apr
2022
News - Yareal starts construction of final phases of Lixa in Warsaw #office #Poland #Warsaw #Yareal

by Property Forum | Office

Yareal announced that it has signed a contract with a general contractor responsible for completing the final stages of its flagship office complex, LIXA. FineTech Construction will build two office buildings with a total area of 29,000 sqm near Daszyński Roundabout. So far, nearly 49,000 sqm of modern offices have already been developed here at LIXA, including the most recently commissioned building C, which will soon be ready to welcome its first tenants. 


FineTech Construction is a proven Yareal partner with whom the developer is concurrently working on a three-stage housing estate, Pozytywny Mokotów, located near Galeria Mokotów in Warsaw’s Służewiec district.

“FineTech Construction’s commitment to being a general contractor for the LIXA project is proof of our good relationship with Yareal and the developer’s trust in our work. Being given the chance to construct two office buildings with a total area of 29,000 sqm is a confirmation of our joint satisfaction from working on previous projects. I am convinced that we will contribute to the success of the LIXA complex, giving Yareal the highest ratings for sustainable construction and providing excellent working conditions for future tenants,” says Włodzimierz Bogiel, President of FineTech Construction.

“Signing a contract for the construction of two office buildings of this scale was particularly demanding given the current situation in the building materials industry. This is further proof of the solid partnership between our companies. LIXA, the largest investment in Yareal’s history, envisages the creation of an entire city block from scratch and is a combination of flexible and modern office space with useful service points and open public gardens that are sure to enrich the neighbourhood. LIXA City Gardens, a promenade with cafes, restaurants, service points and shops, runs through the centre of the complex. These businesses will cater to LIXA tenants by day and the area’s residents by night,” adds Yareal President, Eric Dapoigny.

The LIXA project is being carried out in strict accordance with a number of sustainable development principles and ESG standards. Yareal continues to implement energy-saving and environmentally-friendly solutions in its undertakings – including recycling – as was the case for the buildings already completed in LIXA whose façades are made from several hundred tons of recycled aluminium. Additionally, the project is being built with the use of low-emission concrete, which will reduce LIXA’s overall carbon footprint. Openable windows will allow for limited use of air conditioning, and the buildings’ high-speed lifts have been specially designed to recover energy. Moreover, modern LED lighting will be installed throughout the premises, and rainwater will be collected and used to irrigate shrubs, perennials and lawns growing in the public gardens. These open spaces will also feature a pond which will humidify the air with a soothing mist on hot days.

A total of 217 parking spaces will be built in the investment’s underground garage, and some will be equipped with electric vehicle charging stations. The garage will also include bicycle racks, showers and lockers for tenants. As part of the investment, Yareal will also reconstruct part of Kasprzaka Street, outfitting it with urban infrastructure, sidewalks and parking bays, and will also renovate fragments of Giełdowa and Dorożkarska Streets. These construction works will be powered by electricity generated from renewable energy sources.

The LIXA complex is being built in the Wola district, Warsaw’s teeming business centre, within walking distance of the Daszyński Roundabout metro station. The three office buildings erected so far were designed by the HRA studio and have already created a campus-like office complex with an open, green courtyard. The complex will create a new link between Kasprzaka and Giełdowa Streets thanks to a pedestrian passage, next to which the construction of LIXA’s final stages is about to begin.

Construction of LIXA, which started in 2019, is scheduled to end at the turn of 2023/2024. All existing buildings have achieved an Excellent rating on their BREEAM green building certification. Buildings D and E were also designed to achieve the same rating. LIXA will also strive for WELL Health-Safety certification, confirming the high standard of safety procedures employed within its buildings. Presently, the first stage of the complex is fully commercialized and the process of acquiring tenants for buildings erected in the second stage is coming to an end.




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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