Marvipol enters Tri-city market

Warsaw Stock Exchange-listed developer Marvipol has announced it will develop a boutique residential project in downtown Gdańsk, which will be the first housing scheme of the company outside the Polish capital. The development will be located on ul. Toruńska near the Motława river and comprise 4,500 sqm of usable residential space with construction work on the investment expected to be launched in the first half of next year. The project on ul. Toruńska is one of several residential schemes that Marvipol would like to launch in the Tri-city market in the mid-term perspective. The company is now in talks regarding the acquisition of sites in Gdańsk, Gdynia and Sopot, said management board president Mariusz Książek. “We are primarily analyzing plots for boutique, upper standard projects, but are not ruling out the development of larger, multi-phased schemes,” Książek said.