CB Richard Ellis Development Consultancy Team is pleased to announce that has recently represented Dom Development S.A., a leading Polish residential developer, in the sale of a landmark property in the heart of Warsaw. The property was acquired by one of the most successful developers in the Polish market Hochtief Development Poland Sp. z o.o.
The property consists of two sites totaling 3,751 m² and the historical Edward Raczynski's palace. It is the highest building in this prestigious area, overlooking Pilsudskiego and Malachowskiego Squares, as well as Saski Garden. Once built in 1910, the building was one of the most luxurious residences in Warsaw.
"This disposal was a unique opportunity to purchase a sizable development site in the area of a very limited supply. The uniqueness of the property definitely attracted the attention of the buyer. In our opinion both the seller and the buyer made a very good deal," says Mikolaj Martynuska, Director of Development Consultancy in CB Richard Ellis.
CB Richard Ellis co-exclusively represented the seller in the disposal process, together with DTZ.
Source: CB Richard Ellis