US-based Lincoln Property Company has partnered with the Czech investment group Enern to acquire a prime office development site in the heart of the Wola district in Warsaw from Penta Real Estate for around €25 mln.
The acquisition is Lincoln Property Company’s first in Poland together with Enern.
The future office building, The Form, will offer up to 30,000 m2 of high-quality office space with supporting retail units on the ground floor.
The development site, which was previously owned by Penta Real Estate, is located in a prime area of the Polish capital at the heart of the Wola district and is just 400 meters from the Rondo Daszynskiego metro station.
'This project will benefit from a uniquely large and efficient floor plate of 4,000 sqm, our highest ESG commitment, and will feature a full range of amenities and amazing public space which will support both tenants and the wider community,' said Štefan Puci, investment director at Lincoln Property Company.
Petr Šmída, a partner in Enern, added: 'We are very happy to partner again with Lincoln Property Company after our successful transaction in Prague. This time it is in Warsaw, in the field of development and, importantly, in an absolutely ideal location.'