Developer Asbud Group has launched construction work on its Grzybowska 85 residential project in Warsaw, with builder Budimex acting as the general contractor for the scheme. The investment is located on ul. Grzybowska in the Wola district and will comprise a total of 501 apartments. So far, Asbud has started selling the first 174 housing units in the development, of which approximately 83 percent have already found buyers.
The Grzybowska 85 project was designed by the FS&P Arcus architectural studio and is scheduled for completion toward the end of 2018. “The launch of construction work on the Grzybowska 85 investment, which is one of our flagship projects, is another step on our way to becoming a leading developer in the residential market in Warsaw,” said Raied Tanous, the managing director of Asbud Group.
Asbud is known in Warsaw for residential schemes including Młody Żoliborz in the Żoliborz district. The company is now planning a major residential development that will be located close to the Arkadia shopping mall.