Murapol Projekt to buy PLN 56 million property in Warsaw

Murapol Projekt - a subsidiary of Murapol - is said to have reached a pre-deal concerning the purchase of a property in Warsaw on ul. Cybernetyki. The property is set to have a surface area of 1.5 ha, valuing the deal at PLN 56 million, the company reported. " The subsidiary plans on building a real estate development project, which will further accommodate ca. 480 flats, of a joint surface of 22,000 sqm, and 600 sqm of commercial space," a company statement read. The deal is to be reached by January 31, 2018, on condition of receiving a construction permit allowing the fulfillment of investment plans. Murapol is a Polish investment holding operating in the housing estate sector; it sold 2,400 flats in 2015.