Marvipol buys 5.3 ha ground in Warsaw

Real estate developer Marvipol is finalizing the acquisition of a 5.3 ha land plot in Warsaw's Białołęka district, which will facilitate the construction of 1,000 apartments. "We want to launch the construction and apartment sales in 2016," said Bartosz Puzdrowski, head of the real estate department at Marvipol. The acquisition hasn't satisfied the company's appetite for new grounds. "Our budget for 2015 totals PLN 60 million, but in case we find something attractive, we may increase the sum," said Mariusz Książek, CEO of Marvipol. Marvipol is one of the leading real estate developers operating in Warsaw. It is also a sole importer of Land Rover, Jaguar, and Aston Martin. The company has been listed on the WSE since 2008.