German construction and development firm Hochtief has acquired a project site in the Wola district of Warsaw. HomeArt, a unit of Hochtief Polska, intends to develop a residential scheme, dubbed JK51, on the land plot.
German construction and development firm Hochtief has acquired a project site in the Wola district of Warsaw. HomeArt, a unit of Hochtief Polska, intends to develop a residential scheme, dubbed JK51, on the land plot.
HomeArt will deliver the project in two 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 scheme will also include an underground parking garage, an internal patio with a recreation area and a playground, as well as retail and services space.
Jones Lang LaSalle brokered the sale of the site. The financial details and the identity of the seller were not disclosed.
