The Czech investment group Enern and the American company Lincoln Property Company, which operates on the European market, including Slovakia, have started the construction of a new office project in the capital of Poland. The current owners purchased The FORM project in 2021 from Penta Real Estate. Its financing also includes recently issued bonds worth 30 million euros with an annual coupon of six and a half percent, whose manager and arranger is J&T Banka. These bonds are listed and traded on the Bratislava Stock Exchange.
The managing director for UK and Europe at Lincoln Property Company, Troy Javaher, sees the project as a sign of the company's re-entry into the Polish market. "Our ambition is for The FORM to become a benchmark for all office buildings in this part of Europe in terms of quality, comfort and enjoyment, technological solutions, but above all in terms of applied ESG solutions," he adds.
An exceptional property
It is a building with a total area of almost 31,000 square meters in the Wola district, which is the most desirable location in the wider center of the capital city of Warsaw. The uniqueness of The FORM project lies in the combination of unique architecture, the use of state-of-the-art technologies in combination with leading solutions meeting ESG principles. These are applied already in the construction phase, while the executive director of the Lincoln Property Company in Poland, Damian Grzywacz, explains that the design of the building was created with the environment and its users in mind. "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," he explains.
About the investment group ENERN
It is an investment group founded in 2010. In total, it manages investor assets worth more than EUR 500 million in real estate, venture capital and renewable energy investments. The local presence in Prague, Warsaw and London reflects an investment strategy that builds on the knowledge of the domestic CEE region and at the same time on the potential of the best investments both in the markets of the region and in markets outside the CEE, thus enabling long-term fulfillment of the goals of diversification and appreciation of its capital and the capital of its investors . You can find more information about the investment group at https://enern.eu/.
Another element that ensures high energy efficiency is the triple glazing of the facade with a thermal layer. Compared to ordinary office buildings, its creators will deliver 30 percent more fresh air to office spaces. It will be 2,500 square meters of commercial space and 28,300 square meters of offices, which are accessible from Panska and Miedzana streets.
Ecological technologies
Despite this attractive location, the project also offers an unroofed atrium full of greenery with an area of almost 700 square meters, which is its heart. Thus, the nine-story building will provide visitors with a public space for meeting and relaxing. "We will also use technologies and equipment that will reduce water consumption by 50 percent. The building will be equipped with state-of-the-art systems for cleaning, humidifying and free air cooling, as well as a rainwater tank that will be used to irrigate the surrounding greenery," explains D. Grzywacz about environmental solutions.
In addition, The FORM will aim for the highest Platinum level for WELL and LEED certifications, and will be one of the few buildings in Central Europe to have additional certifications such as WiredScore, SmartScore, ActiveScore and AirRated. There will also be extensive facilities for cyclists, including more than 210 bicycle racks, charging stations for e-bikes and a separate entrance for cyclists with a dedicated lift from ground level.
The FORM project combines unique architecture with state-of-the-art technologies that meet ESG principles
Source: Crawley Investment archive
The FORM project combines unique architecture with state-of-the-art technologies that meet ESG principles
Motorists will have at their disposal two underground floors with 254 parking spaces for tenants and visitors, while at least 30 percent of them will be equipped with charging stations for electric cars.
It was not easy to design such a complex building, so the project went through several phases. Co-authors of the first concept were Kuryłowicz & Associates and Vietzke & Borstelmann Achitekten, while the final design was prepared by the Epstein studio. The general contractor of the building is PORR, while the completion of the building is scheduled for the end of 2024.
