News Yareal

The funds will be predominantly allocated to finance the subsequent two phases of the LIXA campus office complex, which is under development in the business hub of Warsaw's Wola district. Additionally, the funding will provide Yareal with extra capital for acquiring new land and initiating more investment projects.more...

The construction of two more office buildings, LIXA D and E, will be undertaken with the backing of BNP Paribas Bank, continuing the longstanding collaboration established in the initial phases of Yareal's most significant investment to date. In the project's initial phase, completed three years ago, Yareal constructed the 22,000 sq. m. headquarters for BNP Paribas Bank. With credit agreements close to 64 million euros supporting the project's continued development, BNP Paribas is expanding its involvement in the LIXA project.

“The signing of these additional financing agreements symbolizes the enduring trust and deepening relationship between Yareal and BNP Paribas. Our previous successful collaborations in the development of the LIXA office complex affirm our belief in the project's positive market reception, and we anticipate that its upcoming phases will further enhance this standing” – remarked Marek Kowalski, Head of Structured & Real Estate Finance Poland at BNP Paribas Bank Polska.

“We are also united in our commitment to sustainable development and adherence to ESG standards. In LIXA, this is reflected in our use of eco-friendly technologies and the creation of flexible, comfortable office spaces, alongside green areas and a range of services that enable tenants to efficiently manage day-to-day tasks and relax in the LIXA gardens” – adds Marek Esz, Deputy CFO of Yareal Polska.

Yareal's flagship project is situated near Rondo Daszyńskiego in the capital city’s Wola district. When completed, it will consist of five office buildings with a total area of 77,000 sq. m., creating a campus-style complex centered around two lush courtyards. The first three office buildings, A, B, and C, offering a rental area of 48,000 sq. m., have already been finished and fully commercialized. The concluding phase, office buildings D and E, is rising on the western side of the metropolitan LIXA City Gardens passage, which unifies the entire complex. This 150-meter pedestrian zone connects Kasprzaka and Giełdowa Streets and is currently populated with new rental spaces offering services, dining options, and retail stores.

The LIXA complex, designed by the acclaimed HRA studio, has been certified in the BREEAM international sustainable building system, receiving an Excellent rating. This achievement is partly due to the implementation of various eco-friendly technologies and solutions. Aligning with ESG principles, the construction utilized low-emission concrete and hundreds of tons of low-emission recycled aluminum with a minimal carbon footprint. Yareal is also certifying the office complex under the WELL Health-Safety system, confirming the adherence to the highest safety standards, a crucial consideration, especially in light of pandemic risks.