Dom Development buys land for PLN 133.5 mln

Real estate developer Dom Development has singed an agreement with Qualia Development for the acquisition of a 100 percent stake in Fort Mokotów Inwestycje for PLN 133.5 million. The purpose of the deal is the purchase of perpetual usufruct of a 9.39 ha plot in the Warsaw district of Mokotów, the company said. Much of the land will be devoted to a housing estate of around 750 units, 20 percent to green areas and the rest to hotels and offices.