Marvipol to acquire major Warsaw site
16:37
A subsidiary of developer Marvipol has signed a preliminary agreement for the acquisition of the perpetual usufruct right to 0.6 hectares of development land located in the Wola district of Warsaw for EUR14.35 million. The buyer and the seller, whose identity has not been revealed yet, have agreed to sign a conditional agreement for the purchase of the plot in question by February 20, 2017, provided that the Warsaw authorities do not exercise their preemption right to the property.
For the time being, Marvipol is not commenting on the exact location of the Wola site and is not revealing any details of the real estate project that is being planned for it. However, according to the information obtained by Eurobuild, the plot is located near the intersection of ul. Grzybowska and ul. Żelazna, and is being sold by Mor-Eden Tower. The current owner used to plan a major residential scheme with an office and retail component in the location. One of the largest developers active in the residential market in Warsaw, Marvipol is now selling apartments in five projects in the city, which are located in the Bemowo, Białołęka, Bielany and Ursynów districts.
