AT Capital Group, advised by Savills, has purchased the development plot at the junction of Grzybowska and Żelazna streets in Warsaw, Poland, for the planned 140-metre-high Liberty Tower for an undisclosed price. Given current market conditions, the company is considering developing the Liberty Tower as a mixed-use commercial and residential complex as part of a 140-metre-high tower with 41 floors.
Hywel Phillip, director of the AT Capital Group, said: “We are delighted to have completed our first investment in Poland, an attractive market for real estate with great growth potential.”
“The plot, at the junction of Grzybowska and Żelazna streets, is one of the most prestigious and still undeveloped sites in Warsaw. This part of Wola continues to see new multifunctional projects, including the adjacent Browary Warszawskie or Fabryka Norblina complex. This transaction illustrates the growing importance of mixed-use developments in the Polish investment market,” commented Kamil Kowa, Board Member, Head of Corporate Finance and Valuation, Savills Poland.
“I am very excited that thanks to Savills support Warsaw city centre has a great opportunity to enrich its skyline with another landmark building. The legacy and approach of AT Capital Group allows us to assume that Liberty Tower will be turned into a fantastic development, which this location deserves,” said Tomasz Buras, CEO of Savills Poland.
