JWC eyes 80-ha in Russia

Warsaw-based property developer JW Construction is currently negotiating the terms of purchase for an 80-ha plot outside of Moscow.

It plans to construct residential buildings, offering a total area of 350,000 sqm, over the next three to four years.

One sqm of space in the vicinity is currently valued at $4,000 (zł.8,800). According to daily Rzeczpospolita, investment in the project would exceed zł.1.2 billion.