Piotr Stark, Managing Director of HOCHTIEF Development Poland, commented: "Our goal is designing and developing our projects in line with the principles of sustainable building which not only means creating a friendly working environment but, above all, limiting a negative environmental impact and, which is as important, reducing the property exploitation costs to the users' benefit."

The Małachowski Square project, comprising the existing Count Raczyński's House and a new office wing, is located in an attractive part of the Polish capital, at Plac Małachowskiego, opposite the Zachęta Gallery of Arts. The existing building, due to its historical and architectural value, remains under the supervision of the conservator of monuments.

Ultimately the complex will comprise the existing office building of 5,000 sqm and a new adjoining office wing with 7,600 sqm at Traugutta Street. The complex will also offer 1,500 sqm of retail space. In addition, 100 underground parking spaces will be available to future tenants and their visiting guests.

Currently the building is undergoing extensive renovation and modernisation to adapt it to the highest standard. Future tenants will enjoy modern infrastructural solutions, such as raised floors, suspended ceilings, BMS and HVAC to name but a few. The construction and adaptation works are planned to be wrapped-up in the third quarter of 2014.

HOCHTIEF Development Poland is responsible for the development of the project and Kulczyk Silverstein Properties is the investor. (source: europaproperty.com)