Grupa Waryński with permit for Miasto Wola
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Developer Grupa Waryński has received a valid business permit for the construction of phase one of residential estate Miasto Wola, a project it is developing in JV with investor Dantex. The first stage involves developing 112 apartments between 27 sqm and 144 sqm as well as 119 parking places. Sales of the apartments will be launched by the end of June, and cConstruction is scheduled to start in July of this year.
The entire scheme will cover 34,355 sqm of land and will comprise six to nine-storey buildings, altogether offering approximately 850 apartments and 977 parking spots. The investment will offer a total of 50,310 sqm of usable area.
This is the second valid building permit Grupa Waryński received over the past month. In late May, the building permit for another estate, Stacja Kazimierz, which it is developing in a JV with Polnord. Construction is set to launch in August.
Grupa Waryński, whose main stockholder is close-ended investment fund MARS, is currently selecting the general contractor for both schemes.
