Trei Real Estate has completed 62 apartments at its “Bacciarellego 54” scheme in Wroclaw. Half of these have already been sold. In a parallel move, Trei has kicked off sales for another 27 apartments that are part of the second construction stage. Works on this second construction phase are expected to begin during the third quarter of 2020 and to be concluded by the end of 2021. The “Bacciarellego 54” project will continue with further construction stages, and ultimately deliver a total of 280 apartments.
Pepijn Morshuis, CEO of Trei Real Estate, commented: “The completion of the first construction stage marks an important milestone for this large-scale project. With ‘Bacciarellego 54,’ we are creating residential accommodation in one of the greenest and most popular parts of Wroclaw. We are noting strong demand for apartments, and this despite the constraints caused by the coronavirus crisis. Trei implemented measures on location to ensure that customers get all the information they need even without direct personal contact. For example, there is the option to engage in video chats with our staff on the ground. Another option is to place digital apartment reservations online.”
The development is located in Biskupin-Bartoszowice. The first construction stage includes a total of 62 apartments of two, three or four bedrooms. Sizes range from 37 to 111 square metres. The 62 apartments are spread across two buildings of four stories each.
Trei is planning to build a total of 1,600 residential units in Poland in the years ahead. In late March, for example, the company launched the sales drive for the apartments of development in Lodz. Pepijn Morshuis commented by saying: “In addition to Wroclaw and Lodz, we secured additional plots of land in Warsaw and Poznan. Trei focuses its residential construction activities in the country’s major cities, such as Warsaw, Krakow, Gdansk, Poznan or Lodz. The Polish real estate market is highly attractive for us as developers. Modern apartments are in short supply in Poland, which is why demand is so strong.”
