Develia Warsaw has acquired from an entity unrelated to Develia the right of perpetual usufruct of a plot of land located in Warsaw at 11 Oliwska Street for a net price of PLN 34.45 million (gross: PLN 42.37 million), Develia announced. The company intends to develop an investment project on the property with an estimated number of approximately 201 multi-family residential units. The planned sales start date for the investment project is Q2 2024.
Develia is one of the largest developers in Poland, with residential and commercial investments in Warsaw, Wrocław, Kraków, Gdańsk, Łódź and Katowice. Since 2007. Develia (formerly LC Corp) is a company listed on the WSE; it is part of the mWIG40 index. In 2022, the company generated PLN 1,067.9 million in sales revenue.
Source: Develia and ISBnews
Photo: Aleje Praskie, Develia
