2025-09-08
residential

AFI has acquired Echo Investment’s remaining 30% stake in Office House, marking full ownership of the landmark office building in Warsaw’s Towarowa22 district. The transaction valued the building at EUR 160.5 million, consistent with both parties’ valuation of the property. Office House, located at 10 Wronia Street in the city center, was completed in May 2025 and stands out for its sustainability credentials. The building earned a BREEAM Outstanding certificate with a record-breaking score of 97.9%, the highest achieved in Warsaw and among the best worldwide.  Designed with energy efficiency in mind, it is powered by green energy and features a triple-layer façade, advanced heat recovery systems, and intelligent building management technologies. Additional certifications such as WELL Health & Safety, WiredScore, and SmartCore are currently being pursued. The building offers approximately 32,000 m² of high-quality office space, capable of accommodating around 3,000 employees. Its tenant roster includes notable names such as Crowe, emagine, and a leading logistics company, with a multimedia firm also preparing to move in. The ground floor will soon feature a diverse culinary hub—including eateries like Splendido, Ato Ramen, The Brunchery, Pearl Seafood Restaurant, and Babajaga—as well as a premium fitness facility, Change Studio. Sebastian Kieć, CEO of AFI in Poland, described the transaction as a planned strategic move aligned with AFI’s goal of increasing its involvement in major, multifaceted developments. He emphasized AFI’s multifaceted role—developer, investor, and property manager—and confirmed their ongoing commitment to the next phases of Towarowa22. Echo Investment’s COO, Rafał Mazurczak, stated that he was proud of the building’s high-spec design and successful commercial performance. The sale of the remaining share brings the first stage of Towarowa22 to a close, with proceeds earmarked to fuel further office development in Warsaw. Towarowa22 continues to evolve as a “superblock” project in Warsaw’s Wola district—a development conceived as eight integrated city blocks blending mixed-use buildings with public space and a pedestrian-focused street grid. AFI now holds 100% control, having increased from its previous 70% stake, while Echo Investment has exited completely. Alongside this, work is underway on the Apartamenty M7 residential project, and Echo is preparing to launch Apartamenty Gutenberga under the Archicom Collection. Green spaces are being developed around Office House and the historic Dom Słowa Polskiego. Future plans include a 120-meter residential tower and a 150-meter office tower near Rondo Daszyńskiego.