Warsaw West Gate opens up three new deals
The palace, at ul. Miodowa 10, was recently acquired from Wydawnictwo Naukowe PWN SA for euro 8.7 (zł.33.6) million. The new residence will hold 36 luxury apartments with an average area of 125 sqm. The construction works will begin in Q3 2008, after PWN, the current tenant, moves to its new offices. WWG plans to invest some euro 6 (zł.23) million in the project, which is scheduled for completion in Q3 2010. The prices will range from zł.13,000 to zł.16,000 per sqm. WWG will also revitalize a tenement on ul. Jasna 26. The total usable space will amount to 7,700 sqm, and will hold 44 apartments and 74 underground parking spaces. The developer wants to complete the apartments in Q3 2008. The price per sqm will range from zł.10,000 to zł.13,000. River House is WWG's third residential complex, and will be built on ul. Bluszczańska 70. River House will hold 75 apartments. The price per sqm is estimated between zł.6,500 and zł.9,000. The construction works will start in the spring of 2007 and the development is scheduled for completion in Q2 2008. (Real Estate Newsletter)
