Yareal obtains permit for Nowogrodzka Square

Real estate developer Yareal has obtained a permit for the construction of an office building located between Al. Jerozolimskie and ul. Nowogrodzka in Warsaw. Nowogrodzka Square office building will offer 11,000 sqm of leasable area spread over 6 floors. "Nowogrodzka Square is after Mokotowska Square another high standard office building to be developed in the city center; the project will be targeted to the discerning tenants looking for high-end, visible offices in a human size building. It should be noted that Yareal has a freehold title to the land on which Nowogrodzka Square will stand, which means that service charges will be relatively lower," sais Eric Dapoigny, president of Yareal Polska. Yareal Polska, a quality leader on the Polish property market, is part of Yareal International, which operates throughout the European real estate market.