The Polish State Railways sells land properties in the core center of Warsaw (PL)
Thursday 17 November 2011
POLCOM INVESTMENT VI Sp. z o.o., a part of HB Reavis Group, has won two tenders for the purchase of PKP S.A.’s land properties located in the core center of Warsaw, at Chmielna and Al. Jana Pawùa II streets. The total transaction value was PLN 171 million (approx. €38.5 million), which reflects PLN 9,955 per m² of the land.
Cushman & Wakefield, instructed by PKP S.A., organized and coordinated the tender procedure.
The subject of the first tender procedure was the right of perpetual usufruct to the land comprising two plots of a total area of 9,767 m² (no. 33/4 and 33/5, district 6-01-10) with ownership rights to buildings and improvements on the land. The sale price reached in the tender: net PLN 97 million.
The subject of the second tender procedure was the right of perpetual usufruct to the land of an area of 7,411 m² (no. 33/3, district 6-01-10) with ownership right to buildings and improvements on the land. The sale price reached in the tender: net PLN 74 million.
The subject properties are located in the core center of Warsaw at the junction of Chmielna street and two main arterial routes – Al. Jana Pawla II and Al. Jerozolimskie. There is the Palace of Culture and Science, the main railway station and Zlote Tarasy retail-office complex in the immediate neighborhood.
The offered properties are unique in terms of their location in Warsaw’s Central Business District, size, shape and legal status.