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Orco Property Group has announced it will build a new showroom and service center for Peugeot Polska. Orco will build some 4,000 sqm along ul. Radzymińska in Warsaw's Targówek district, based on a lease-back agreement with the automobile manufacturer.
Orco has already purchased the 12-ha property, and hired RD Bud as the general contractor on the project. Orco will custom-build the property according requirements set out by Peugeot, following the standard of the brand's "Blue Box" centers.
Construction is set to begin within the next few weeks and will be completed early next year. RD Bud is the Polish subsidiary of leading European construction contractor Rabot Dutilleul.
The developer, which has several high-profile residential developments underway in central Warsaw, is looking forward to expanding its activity on the Warsaw market. "We don't want to put all our eggs in one basket - Orco has no boundaries and we are open to any opportunity that presents itself to be feasible, profitable and sustainable," says Douglas Noble, director of Orco Property Group in Warsaw. "Retail and services are businesses that we would like to move into in Poland. The project for Peugot is the start of such activities," he adds.
Orco is also collaborating with RD Bud on its Mokotowska 59 apartment building. The contractor has completed close to two dozen retail, hotel and industrial projects in Poland, including the Citroen showroom in Warsaw. Currently, RD Bud is building a Campanile hotel in Łód and a L'Oreal factory in Pruszków.
