CEE real estate developer and investor Futureal has acquired the Lipowy Office Park in Warsaw, Poland, from an unnamed global investment firm.
The company plans to transform the four Class A office towers into a sustainable, people-oriented, and modern office complex.
Developed by Hochtief Development in 2009, the complex offers nearly 40,000 m2 of leasable space and a two-level underground garage.
Lipowy Office Park is located in Ochota district of Warsaw, near the city centre and Warsaw Chopin Airport.
Karol Pilniewicz, CEO of Futureal Investment Partners, said: ‘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.’
This acquisition is aligned with Futureal's Office Impact Strategy to retrofit older office buildings to meet modern ESG market standards.
The company aims to achieve BREEAM Excellent in Use certification for the complex after the refurbishment. Green technological upgrades include solar panels, energy-efficient HVAC systems, LED lighting, and water-conserving bathroom fixtures.
Linklaters represented the seller in the sale of Lipowy Office Park.