Warbud to build ArtN project in Warsaw

Image: Capital Park

Investor ArtN, a special-purpose vehicle of Capital Park, has selected builder Warbud as the main contractor of its eponymous mixed-use project in Warsaw. The scheme will be developed in the design and build system with Warbud responsible for carrying out the bulk of the construction work and coordinating the work of the three other contractors with which it will cooperate on the more than PLN 500-million contract – Soletanche Polska, TKT Engineering and Maat4. Preparatory work was launched in November last year with the development scheduled to be completed in the final quarter of 2020.

The ArtN investment will involve the revitalization of a two-hectare post-industrial site located in the Wola district of the Polish capital. Designed by the PRC Architekci architectural studio, the project will comprise more than 64,000 sqm of usable space, including 40,000 sqm of office space and 24,000 sqm of entertainment, service, retail and cultural areas. The scheme is being financed with Capital Park’s own funds and a loan granted by bank Pekao. It has been BREEAM pre-certified at the “Very Good” level.

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