OKAM buys former cosmetics factory for residential investment

Residential developer OKAM Capital has purchased a 19th century cosmetics factory in Warsaw’s Praga district to be transformed into a mixed-use development dubbed Nova Praga. The factory was constructed in 1899 and is one of Warsaw’s oldest industrial schemes. In 1970s the facility operated under the Pollena brand. The developer will transform the industrial property into retail and office space, and will erect two residential schemes, that will be designed by the Grupa 5 architectural studio.