Futureal acquires Lipowy Office Park in Warsaw

by   CIJ News iDesk III
2023-10-26   10:23
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Futureal has announced the acquisition of the Lipowy Office Park complex in Warsaw. In alignment with its strategy, the company plans to reposition the development by transforming it into a sustainable, human-centric, and modern office building.

Developed by Hochtief Development in 2009, Lipowy Office Park features four Class A office towers that provide nearly 40,000 sqm of leasable area. Moreover, a two-level underground as well as above-the-ground garage was built within the investment. The complex is located in the proximity of the Warsaw Chopin Airport in Okęcie.
This acquisition underscores Futureal’s “Office Impact Strategy”—a commitment to retrofitting older office properties to align them with contemporary ESG market standards. Futureal’s vision for Lipowy Office Park emphasises sustainability and energy efficiency. Following the refurbishment, the company aims to secure the BREEAM “Excellent in Use” certification for the complex. Green technological upgrades are on the agenda, including introducing solar panels, energy-efficient HVAC systems, LED lighting technology, and water-conserving bathroom fixtures.

“Our most recent acquisition fits into our investment strategy, focusing on value-added and opportunistic investments that, depending on the challenging market conditions, are expected to deliver high returns. Due to the solid professional and financial background of Futureal Group, we will be able to enhance Lipowy Office Park’s market value significantly,” emphasised Karol Pilniewicz, Chief Executive Officer of Futureal Investment Partners.