Matexi starts construction of its first residential project in Poland (PL)
Wednesday 18 July 2012
Matexi Polska, a branch of the Belgian leading development and construction group Matexi Group, started the building of its first residential project in the Polish capital Warsaw.
After the demolition of a building on the corner of Kluczborska and Górczewska Street in the Bemowo district, Matexi Polska is constructing a residential building of 50 apartments. They vary from small studios of 34 m² up to spacious two and three-bedroom apartments of 96 m² in a modern and harmonious architecture.
The building permit for a second project with 92 apartments and 650 m² of retail space will be applied for shortly.
Meanwhile Matexi bought a lot for a third project with 120 apartments, 2600 m² of retail space and 670 m² of offices.
These three projects represent an investment of about €35.4 million in lots and buildings destined for sale.
Poland is the first Central European country where Matexi is applying its know-how and experience as a developer in high quality projects.
The first project of Matexi Polska is a result of a systematic and selective search for attractive locations and properties in the most popular Warsaw residential districts. Matexi Polska will focus on the middle class segment with state of the art flats where it is great to live, work, shop and relax.
After a profound market research Matexi’s development experts chose Poland as the most promising country when it comes to real estate investments. "It is a big market with a strong growing economy and a relatively young population where Matexi can develop and build ’Great Places to live’ to satisfy the housing need", explains Mirek Bednarek, Managing Director of Matexi Polska. "The second step will be the development of retail and office space".
Matexi is part of the private holding Matexi Group. About 35,000 households live today in a house, flat or apartment built by one of the companies of Matexi Group. This means that Matexi Group houses over 80,000 people which is as much as the population of a Belgian university town like Leuven.