Yareal acquires Soho Factory site in Warsaw

Developer Yareal Polska has acquired 5.3 hectares of post-industrial land in the Praga Południe district of Warsaw, on which it plans to build a multi-phase residential project with almost 70,000 sqm of usable space. The site is located within the Soho Factory complex that the seller of the property – Warsaw Stock Exchange-listed developer Soho Development – has been developing in recent years. The value of the transaction, which was brokered by JLL, amounts to PLN 150 million. The first apartments in the scheme planned by Yareal Polska are to be put up for sale towards the end of 2018. The development of the entire investment will take about six years.

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