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The Warsaw Voice » Real Estate » January 7, 2009
The Real Estate Voice
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Eco-Friendly Offices in Warsaw's Wola
January 7, 2009   
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IVG Development Poland, part of the IVG Immobilien AG group, plans to build a new office complex at the intersection of Obozowa Street and Prymasa Tysiąclecia Avenue in Warsaw's Wola district. Work on the Vector complex is due to start in the second quarter of 2009, and the developer hopes to complete the project by the end of 2010.

The Vector complex, expected to cost some 35 million euros, will consist of two buildings, with seven and 15 stories respectively, which are linked to create the letter H. The complex will provide some 13,000 sq m of office space and 500 sq m of retail and service space on the ground floor, in addition to a total of 200 over- and underground parking spaces. Each floor will be either divided into separate offices or used as one open space. The typical size of an office is some 1,450 sq m, and the smallest unit covers just 235 sq m.

Several bus lines run along Obozowa Street and Prymasa Tysiąclecia Avenue and trams link the area with Warsaw's city center.

"Commercial developers have now recognized the merits of Wola," says IVG Development Poland CEO Maciej Zajdel. "Many buildings have been built or restored, many of which have been chosen by financial institutions for their head offices. The city center is expanding naturally in the direction of where Vector will be located."

Vector is designed to be environmentally friendly and cheap to run. Rainwater will be captured and used to flush toilets. The building will have a modern ventilation and air-conditioning system; external Venetian blinds; energy-saving lighting; and gardens on the roof. Opening a window will automatically shut down the air conditioning system, thus reducing energy costs. The buildings' facades will be mainly made of glass and composites of ecological materials. The interior will gain much light from the floor-to-ceiling glazed walls.

Vector is IVG Development's second Warsaw project. The first is the Horizon Plaza office building in the Mokotów district. The J.S.K. Architekci studio designed the complex, and Jones Lang LaSalle will be responsible for finding tenants.

Magdalena Fabijańczuk
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