Polnord buys land in Gdańsk for 276 holiday apartments

Residential developer Polnord has signed a preliminary agreement to acquire perpetual usufruct of two plots in Gdańsk, altogether comprising 40,500 sqm of land. The developer is planning on constructing 276 holiday apartments on the two plots. The planned investment could offer over 15,000 sqm of usable space. "The sale of the apartments could begin in the second half of 2018, said Polnord's CEO Dariusz Krawczyk. Polnord is planning on launching 10 new projects in 2017, altogether featuring nearly 1,500 apartments. The developer's strategy is to focus on the Warsaw and the Tri-city markets.