Israeli developers intrigued by local real estate market

Olimpia Real Estate Holdings bought a 7,5 acre plot in Warsaw for EUR 7.8 million where it is planning to build a trade center 36 000 square meters in size. The investment will amount to EUR 77 million. The company had already invested in Wilanów in Królowa Marysienka project with 3,000 flats. Another investor eyeing off the Polish market is Pangaea Real estate. Pangaea picked up an 89 acre plot outside Warsaw for over zl. 4 million. The company plans to build a private housing estate with spa center and swimming pool. Pangaea's vice president remarked that the Polish real estate market offers considerable potential. (Puls Biznesu p.8) M.M.