Koneser plot changes hands

BBI Development subsidiary PD6 has signed an agreement for the sale of almost 0.08 hectares of developed land located within the Koneser mixed-use complex in Warsaw to Centrum Praskie Koneser (CPK), a special-purpose vehicle that is jointly held by BBI and Liebrecht & Wood. The value of the transaction amounts to more than €3 million. The signing of the agreement completes the process of dividing the competences between PD6 and CPK, which are respectively responsible for the development of the residential and the commercial phases of the Koneser project. The scheme is being developed in the Praga Północ district of Warsaw and will comprise more than 300 apartments, approximately 25,000 sqm of office space and around 20,000 sqm of retail area.