Yareal’s flagship investment has gained a key tenant who has leased a whopping one-third of the recently completed LIXA C office building. The American company Snowflake, specialising in advanced cloud solutions, has leased over 7,000 sqm of modern office space in total. After signing a 10-year contract with Snowflake, office building C is already 60 percent commercialised.
The new headquarters of the Silicon Valley company Snowflake will occupy two floors of the next stage of the LIXA office complex, where specialists from the Warsaw engineering centre will work.
“Snowflake offices will occupy nearly 40 percent of the available space in building C, providing employees with comfortable working conditions and ensuring further dynamic development of the company in Poland. Since the beginning we have envisaged the LIXA project for large, demanding tenants looking for office space with flexible floor layouts enabling any space adaptation. At the same time, we assumed that our investment should be a response to the need to create modern workplaces, in bright, spacious premises, surrounded by greenery and buildings created on a human scale. These features distinguish the LIXA complex from the nearby high-rises,” said Eric Dapoigny, president of Yareal Polska.
Snowflake specializes in data management based on the most modern cloud computing architecture, supporting the development of over 4,000 global customers using the solutions of the American company.
“Snowflake selected LIXA as the ideal location to establish a strategic engineering hub. We will be expanding rapidly in Warsaw and need an office that will help us attract the best engineers and other technical professionals, be an amazing place for them to work and provide expansion potential to support our growth. LIXA meets all of those objectives and Snowflake is excited to be a part of the LIXA story,” said Warrick Taylor, VP of Global Real Estate and Workplace.
Snowflake was represented by experts from the CBRE consulting company.
“We are glad that we can support Snowflake in their ambitious plans for the Polish market. I am convinced that the Warsaw office will create the ideal conditions for work and further development of our client’s team. From the point of view of the office real estate market, it is also an important signal of Warsaw’s unwavering attractiveness for new investors,” said Aleksander Hofman, Director of the Office Space Department at CBRE.
The LIXA complex is the largest office investment in the history of Yareal, being built in the vicinity of Rondo Daszyńskiego in the nearby Wola district. The first two office buildings have been used by tenants for several months, including Yareal, which has established its headquarters in LIXA. The newest building with an area of 20,000 sqm, which has just been open for use, is already the third office building of the complex which will ultimately consist of 5 buildings with a total area of 77,000 sqm. The last two office buildings are under preparation, with another garden and a 150-metre pedestrianised LIXA City Gardens, which will house numerous retail, service, and food outlets.
Yareal’s flagship office investment meets the highest requirements of ecological construction, compliant with the BREEAM certification. For the LIXA complex, designed by the renowned HRA studio, numerous environmentally friendly solutions are provided, ensuring the BREEAM rating at the Excellent level. The investment has also received the WELL Health-Safety certificate confirming the high standard of safety procedures in LIXA buildings, which are particularly important in the conditions of the pandemic that has been unfolding for two years.
