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Orco Property Group receives award for Innovative Investor

Luxembourg-based Orco Property Group, announced to be awarded with the Innovative Investor of the Year 2007 Award by the Warsaw Business Journal weekly magazine published in Poland.

Orco Property Group was recognized for its "continued dedication to energy efficiency and sustainable solutions". The jury valued the fact that Orco is one of the first developers in Poland to implement energy efficient construction technologies across all market segments.

Klonowa Aleja, an affordable housing scheme located in Targówek district of Warsaw, features technological solutions that will translate into energy savings of up to 20% of annual consumption, which is of crucial importance in view of the continued increase in energy costs. Orco provides approximately double the amount of insulation required by Polish building regulations. The 133 solar collectors on the Klonowa Aleja roofs will translate into savings of 514 GJ of energy per year for heating water, or up to 35% less heat water consumption for all inhabitants.

Orco Property Group specifically requested Studio Daniel Libeskind to design Złota 44 - the landmark luxury residential tower in development in Warsaw - to be as sustainable as possible. An investment of 10 million euros in construction cost had already been budgeted at the design stage. Złota 44 is an example of spectacular architecture, well-integrated into the urban space. The advanced solutions implemented in the building include among others: a heat recovery system, airside economizers, enhanced, thicker façade, which reduces heat loss, energy efficient lightening fixtures.

The high performance sustainable facade decreases heating and cooling demand for the building and thus reduces energy consumption. The heating costs in both public and private areas will be reduced thanks to an air handling system for heating of residences and amenities. Additional energy savings at Złota 44 will be achieved thanks to the implementation of energy efficient lighting fixtures/standby buttons. This solution allows for 20-30% energy savings in common areas and 10% in apartments.



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