Capital, a Cavatina Group company, has acquired a plot of land in Warsaw at the junction of Grzybowska and Żelazna Streets on which the Liberty Residence high-rise project is expected to deliver approximately 500 flats, the company reported. The land purchase transaction was a combined deal, with two entities entering into an agreement with the seller: Resi Capital and Dantex. The second buyer on the eastern part of the plot intends to build around 200 flats.
“In 2023, which is our first full year of conducting sales, we signed contracts for more than 850 units. We do not intend to slow down this year. With the acquisition of the plot on Grzybowska Street, we confirm that we care about the best locations and are significantly increasing the scale of our operations. We want Liberty Residence to consist of a tower and a lower wing along Grzybowska Street, in which we also envisage 2-storey arcades. In addition, we will propose green terraces at the height of the 10th and 17th floors. A team of Cavatina architects is working on this concept in cooperation with the internationally renowned design office Epstein,” said Resi Capital CEO Mirosława Płużek.
“This project is part of our philosophy, which aims to create exceptional places including vibrant, energetic, dynamic ones. The investment at Grzybowska Street is an addition to a highly recognisable place on the map of the city of Warsaw, which makes us all the more happy to be part of it. We have several other exceptional locations in our portfolio that are in the pipeline. We plan to launch at least three of them later in 2024. However, it is next year that could prove to be a breakthrough year for our company due to the unique developments planned for launch that are changing the perception of desirable living space,” Dantex Holding board member Przemysław Pieniążek added.
The concept of the Liberty Residence project involves the construction of a 3-storey underground car park with over 200 parking spaces. The ground floor of Liberty Residence would include commercial premises with a total area of 1,000 GLA and a spacious lobby. The developer plans to offer 1-, 2-, 3-, 4- and 5-room flats with floor areas ranging from 25 to 180 sqm. The purchase of the site in Wola is another step on Resi Capital’s path of rapid growth. The company has announced that it intends to launch the construction of a further 1,500 flats in 2024 and wants to sell the same number of units, it was announced.
Cavatina is a Polish capital group operating primarily in the property development market in both commercial and residential areas. The Group’s listed company Cavatina Holding is one of the leading Polish office developers and is also developing its residential portfolio. Resi Capital, on the other hand, which focuses exclusively on the residential sector, is selling its own investments.
Source: Resi Capital and ISBnews
