JLL brokers sale of investment site in Wola district of Warsaw (PL)

Jones Lang LaSalle has brokered the sale of an investment site of 7,700 m² located in a dynamically developing office and residential area of Warsaw's Wola district.

The purchaser is HomeArt LLC, owned by HOCHTIEF Polska, a unit of the one of the leading international providers of construction-related services: HOCHTIEF.

The investment area is earmarked for residential development JK 51. The company will deliver the project in two development phases. The first, planned for completion in the second half of 2014, will consist of 165 flats. The second phase of the scheme will see the completion of another 116 residential units.

The residential investment will also include a level of underground parking, an internal patio with a recreation area and a playground, as well as a comprehensive retail and services offer.

Source: Jones Lang LaSalle

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