Futureal announced the acquisition of Lipowy Office Park in Warsaw. The company intends to reposition the building complex by transforming it into a sustainable, people-oriented, and modern office complex.
Lipowy Office Park is an office complex comprised of four A-class office buildings. The complex offers nearly 40,000 sqm of leasable area. It is located in the Ochota district of Warsaw, in proximity to the city centre and Warsaw Chopin Airport
The transaction follows Futureal’s “Office Impact Strategy”, whereby older office buildings are being redeveloped to meet modern ESG market standards.
Futureal envisages that Lipowy Office Park will continue to operate as a sustainable and energy-efficient building in the future. The company’s aim is that the complex will achieve BREEAM’s ‘Excellent in Use’ certification following the refurbishment.
“The newly announced acquisition fits into our investment strategy, which focuses on value-added and opportunistic investments that are expected to deliver high returns in challenging market conditions. Thanks to the solid professional and financial background of the Futureal Group, we will be able to significantly increase the market value of Lipowy Office Park,” commented Karol Pilniewicz, CEO of Futureal Investment Partners.
Linklaters advised the seller, a global investment firm, on the sale of Lipowy Office Park in Warsaw to Futureal, a real estate developer and investor.