CBRE announces major land acquisition in Warsaw (PL)

CBRE has represented Matexi Polska Sp. z o.o. in the acquisition of a residential development site in Bielany district in Warsaw.

The land will be developed with a medium-scale residential estate for ca. 5,000 m² PUM. The property holds a valid planning permit. Matexi Polska Sp. z o.o. intends to start construction of the building within the next 12 months.

"This acquisition is further proof of the Polish property market's stability. Having in mind CBRE was involved in four substantial land deals only in the first quarter of 2012, we believe there will be more significant land transactions this year both in Warsaw and in regional cities," said Mikolaj Martynuska, Director of Development Consultancy Team of CBRE.

"On the other hand, it is clear that only deals that make sense for both sides have a chance to succeed in such a competitive market," added Martynuska.

The CBRE Development Consultancy Team is based in Warsaw and focuses exclusively on underwriting, structuring and executing land sales for office, residential, retail and special purpose real estate assets.

CBRE Development Consultancy Services provides land owners with the comprehensive ability to evaluate the highest and best use of a particular land property. Our professionals are land entitlement experts and offer their extensive knowledge of local market conditions, competitive land parcels and the regulatory environment, to assist land owners in formulating a strategy for maximizing the value of their real estate holdings.

Source: CBRE

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