Cordia has started construction of its tallest residential property ever in Warsaw. Being built on the shore of Vistula river, the 164-apartment premium-class building offers easy access to any part of the Polish capital. The 18-floor residential building is scheduled to be completed by the third quarter of 2021. The company has already finished two projects this year, and two others are under construction in Poland. The first phase of Zielone Bemowo with 118 homes in Warsaw has been completed and the second phase with 200 apartments is in progress; the Supernova project with 185 flats in Krakow was delivered this year, and the Lotniczowka of 70 apartments is still under construction.
"The Polish property market has always provided good investment opportunities, since the domestic economy and the newly-built apartment market have always remained stable, even during the years of the global financial crisis. Beyond economic stability, the market is also predictable as developments can be carried out within a properly regulated environment, and VAT of new residential buildings is 8%. Accordingly, Cordia will continue to expand its portfolio in Poland, further significant investments are being prepared, and we have serious growth plans”, said Tibor Foldi, CEO of Cordia. “We are creating a unique and elegant building where even the most demanding customers can find their new home. Horyzont Praga's apartments will offer an exceptional panoramic view of Warsaw, with a green garden and a spectacular lobby. Due to the excellent location of the building, we expect that there will be strong demand for these flats from both those in search of their own and investors.”