FM newsroom – office, Poland. Futureal Investment Partners, a member of Futureal Group, has completed the ESG repositioning of Wratislavia Tower in Wrocław, Poland, which received a BREEAM Excellent in-use certificate. The retrofitting project was part of Futureal’s “Office Impact Strategy” where older office buildings are being redeveloped to meet modern ESG market standards.
Energy excellence
The 11 storey tower offers 12,846m2 of mixed-use space including an office, hotel, cinema, fitness centre, and 140 underground parking spaces. During the repositioning process, modern, energy-efficient equipment was installed, cutting water and electricity consumption by nearly 50%, Europe Real Estate reports.
“The Wratislavia Tower projects fit into our strategy, which focuses on value-added and opportunistic investments that are expected to deliver high returns. We continue to invest in properties with excellent potential in the office, retail, and logistics sectors,” – Karol Pilniewicz, CEO of Futureal Investment Partners
100% occupancy rate
Throughout the process, the asset remained fully operational, and leasing activities continued, leading to a 100% occupancy rate with a weighted average length of the lease beyond a ten-year period. The main tenants, the City of Wrocław and Focus Hotels S.A., occupy 52% and 26% of the space, respectively.
In March 2024, Alior Bank S.A. signed a loan facility agreement with the borrower. The loan shall be drawn down upon progression of hotel fit-out works, which are expected to be completed in Q4 2024, as Property Forum informs.
Joint success
City of Wrocław, Nowe Horyzonty, Gutek Film, Focus Hotels, Alior Bank, Tetris, Neo Świat, Awaco, JW+A, Forum Architekci, Eleport, City Parking Group, MOMZI were also involved in the realization of the project.
Image: futurealgroup.com
