Lincoln acquires office development site in Warsaw

Lincoln Property Company has partnered with investment group ENERN to acquire the prime office development site in the heart of Wola in Warsaw from Penta Real Estate for around €25 million.

The acquisition is Lincoln Property Company’s first in Poland together with ENERN, and the future office building, The Form, will offer up to 30,000 sqm of exceptionally 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 Daszyńskiego metro station.

Štefan Puci, Investment Director at Lincoln Property Company said: “We are delighted to acquire together with our trusted partner, ENERN, this prime office development site which is located within the new central business district of Warsaw and features exceptional transport links. 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.”

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. At ENERN we work for investor success, which I believe is based on global benchmarking, specific expertise and focused execution capabilities. Together I know we will deliver on this promise again.”