Atrium Hotel Warsaw

Location:

Poland

Project number:

14230

Business sector:

Property and tourism

Notice type:

Private

Environmental category:

B

Target board date:

14 Nov 2000

Status:

Complete

PSD disclosed:

10 Oct 2000

Project Description

The EBRD intends to provide a convertible debt facility to finance the design, construction and operation of an international standard 4-star hotel in the centre of Warsaw, Poland. The project aims to continue the development of the Atrium programme, one of the largest real estate projects in the region.

Transition Impact

The project will further develop business infrastructure, and will facilitate technology transfer to the construction and hotel sector of the local economy.

The Client

Hotel Atrium Sp. zo.o, a limited liability company to be established in Poland by city of Warsaw and Atrium BV. Atrium BV is a Dutch limited liability company to be established by Skanska AB, Portman Holdings and Starwood Hotels and Resorts.

EBRD Finance

€12 million convertible loan.
€2.5 million subordinated loan.

Project Cost

€79.5 million.

Environmental Impact

The project has been classified B/0 requiring an environmental analysis of the proposed development. The project will comply with EU environmental standards. The following positive environmental features forms part of the programme:

  • Construction will be undertaken in accordance with Polish, Swedish and EU worker health and safety legal requirements and standards. All applicable environmental permits will be received or applied for from the relevant authorities. The development will comply with all local fire, safety and emergency procedures. Sprinklers will be installed throughout according to authorities’ requirements;
  • Energy conservation measures will form a major part of the project along with the provision of clean air filtration systems;
  • Appropriate measures to reduce noise emissions, particularly from cooling plants, will be taken to ensure minimal noise disturbance to surrounding buildings and houses;
  • No environmentally damaging materials or substances (asbestos, formaldehyde, ozone-depleting substances, oil-cooled transformers etc.) will be used in the construction;
  • To meet high standards of environmental, health and safety and reduce environmental impacts during the construction phase, the project sponsor will adopt Skanska’s corporate policy and procedures. Noise and dust levels will be kept to a minimum level; and
  • Public consultation will be conducted in accordance with national requirements.

Technical Cooperation

None.

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.