Developer Ghelamco Poland is now finishing construction work on its Foksal 13/15 luxury residential project in downtown Warsaw. The scheme entails the renovation of two historic tenement houses dating back to the late 19th century and is the most time-consuming development in the company’s history. Obtaining all the necessary administrative permits took a decade, while the construction process itself took four years, noted Jeroen van der Toolen, Ghelamco’s managing director in CEE. The original details of the buildings’ facades and interiors have been meticulously restored. Foksal 13/15 will comprise 55 apartments sized from 47 sqm to 260 sqm, the first of which should be turned over to their buyers by the end of this year. Their prices range from PLN 25,000 to PLN 40,000 per sqm. The developer has to date sold approximately 60% of them.
(Warsaw Business Journal)