(WARSAW) - Wola Center, the prime office building in Warsaw acquired by the Hines European Value Fund (HEVF 1) in 2020, and subsequently managed by global real estate firm Hines, has received a BREEAM In-Use excellent certification.
The 34,930 square meter Wola Center has been recognized for its quality management, the introduction and application of sustainable solutions including high-quality cycling infrastructure, and electromobility and biodiversity activities. The structure, equipment, systems and the way the building is managed were all analyzed, achieving a score of over 70% as rated by BREEAM In-Use.
The positive assessment was further influenced by the introduction of systematic regulations concerning ecological and environmental issues, allowing Hines to introduce further pro-ecological measures at the Wola Center including the planned installation of electric charging points for vehicles, the creation of insect hotels – a structure created to provide shelter for insects - with plants to attract them and waste segregation.
Aleksandra Niewolska, property manager, Hines Poland said, “At Hines, we emphasize environmentally-conscious activities and sustainable development, which is why the Wola Center’s certification is a significant moment for the team. The excellent certification is a testament to the building’s ecological construction and our efforts in creating spaces with the environment in mind.”
Wola Center is a flagship office building located in Warsaw's Wola district. Thanks to a modern lobby, a system of visual information and common spaces, it provides excellent appeal and comfort for its tenants and guests. In the atrium there is a reception desk and a coworking space, as well an area for relaxation surrounded by natural greenery and a several-meter-high tree located in the lobby.
In addition, the Wola Centre is home to an innovative ceiling system with ecological felt panels - a natural, sustainable, renewable and biologically degradable material - which enhances the aesthetic value and provides excellent acoustics. The materials and equipment used in the development of the building include zero VOC content and have contributed to the BREEAM In-Use excellent rating.
About Wola Center
Wola Center is an A-class office building with a total area of 34, 930 square meters located in a well-connected central location at 33 Przyokopowa Street in Warsaw's Wola district, in the direct vicinity of the Daszyńskiego Roundabout and the Warsaw Uprising Museum. It is distinguished by a high standard of finish and a unique form of architecture. The area of one floor in the building covers approx. 4,500 square meters which is a unique advantage in comparison to local competing office buildings. In addition to the office space, Wola Center also offers retail and service units, an elegant patio of 1,000 square meters with access to free Wi-Fi, green terraces, and extensive infrastructure for cyclists - a car park, stands and changing rooms with showers. Motorists also have a two-story car park with room for 319 cars at their disposal.
Hines is a privately held company specializing in real estate investment around the world. The company was founded in 1957 and currently has offices in 255 cities in 27 countries. Hines manages US$83.6 billion¹ in investment assets. In addition, it provides real estate brokerage services for more than 367 properties totaling 12.8 million sqm. To date, the company has developed or acquired and redeveloped 1,486 properties totaling more than 45.7 million sq. ft. It is currently developing 171 projects around the world. Due to its extensive experience in investing in projects of different types and risks and its great commitment to sustainable development, Hines is currently one of the largest and most reputable companies on the global real estate market.
Since entering Europe in 1991, Hines has grown its European portfolio to include offices in 16 cities and other types of real estate in 62 cities, across 13 countries. Hines manages approximately €21.7 billion in investment assets and provides real estate brokerage services for a total of 3.9 million sqm. of properties in Europe: Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Poland, Czech Republic, Spain and the United Kingdom.
- Includes both the Hines global organization and RIA AUM (as of June 30, 2021
About Hines European Value Fund 1 (HEVF 1)
HEVF 1 is a Euro-denominated, Luxembourg-based investment fund launched in July 2017. Managed by Hines, its objective is to acquire a portfolio of core-plus and value add commercial real estate throughout Europe on behalf of an institutional investor group.
In August 2018, Hines announced the final closing of HEVF 1, with the total fund size exceeding €720 million of equity commitments, surpassing its original target by more than 40%. As the flagship value add fund for Hines in Europe, HEVF 1 has a geographic mandate across the European Union (plus Norway) and flexibility of scope to invest in office, retail, logistics, residential and mixed-use opportunities in primary institutional markets.