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Metropoint shops change hands

Tomasz Cudowski 03 July 2018

Tomasz Cudowski

Journalist

+48 22 356 25 26
tomasz.cudowski@eurobuildcee.com

Tomek graduated from the faculty of modern languages at the Adam Mickiewicz University in Poznań, where he also started his journalist career in the late 1980s. He has worked in the real estate press since 2005, covering the residential market for ‘Eurobuild CEE’ magazine as well as the new technologies and property management sectors. Sometimes he can be heard on Polish Radio 2, where he reviews the press on the morning programme. At other times he can be seen in the Bieszczady or Beskid Niski mountains, where he enjoys rambling with no fixed purpose or destination in mind.

Metropoint shops change hands
Metropoint Apartments in Warsaw's Wola district is made up of two 12-storey buildings
POLAND Asbud has sold a number of retail and service premises on the ground floor of the Metropoint Apartments development in Warsaw’s Wola district complex to private investors.
The value of the rather unusual transaction came to app. PLN 20 mln. Hyland Commercial Property advised on the sale. Metropoint Apartments on ul. Karolkowa will comprise two twelve-storey residential buildings constructed in two stages but to be delivered almost simultaneously. The ground floors of the complex will contain the retail and service premises involved in the deal. The total area of the units sold and the identities of the buyers have yet to be disclosed.

The residential section of the complex will include 331 premium standard apartments, ranging from 33 sqm to 129 sqm, with layouts of one to four rooms. Prices start at PLN 10,500 per sqm. The apartment building, which is situated close to the Rondo Daszyńskiego metro station, has been BREEAM pre-certified with a rating of ‘Very Good’. Budimex is the general contractor, while the design of the building is the work of the FS&P Arcus Fajnaś Ścisło & Partnerzy studio. The construction work, which began in June 2017, is expected to be completed in Q1 2019.

“The main reason for the decision to purchase the properties was the location – ul. Karolkowa is a kind of residential and services high street with a large number of neighbouring offices and residential estates,” explains Bartosz Chrostowski, the managing director of Hyland Commercial Property.

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