Green light for Orco and Hochtief

Orco Property Group has signed an agreement with German construction company Hochtief to establish a partnership on the construction of the Casaverde residential investment. Construction works will start in the middle of March and are expected to last last until August of this year. All apartments at Casaverde have already been sold.

"We have chosen Hochtief Polska for the Casaverde project because the company has been a trusted partner in the past. We were very satisfied with our cooperation on the Mokotovia development in Warsaw," Douglas Noble, director of Orco Poland, stated.

Casaverde is located on ul. Rakowiecka in the Mokotów district. The building is divided into nine-and six-storey sections, offering 102 apartments ranging from 32 sqm to 150 sqm. The top floor will consist of penthouse apartments with terraces up to 60 sqm in area that will overlook the Centrum and Mokotów districts.

The developer emphasizes that the new project is located away from the noise of bustling streets, easily accessible to the city center by public transport.

Casaverde will be an enclosed housing estate with full security as well as a courtyard complete with a playground and general recreation area. The future residents of the building will also have an underground garage at their disposal.

Last month, Orco Property Group announced its intention to debut on the WSE in the first half of this year. The company wants to raise X100 (zł.390) million to fund the expansion of its portfolio in the CEE region.