Qualia Development sells 100 percent stake in Fort Mokotów Investments
Qualia Development, a company from the PKO BP group, has just sold its 100 percent stake in the Fort Mokotów Investments. Dom Development – the buyer - has thereby acquired the investment land in the area of Żwirki i Wigury and Racławicka streets in Warsaw. The value of the transaction is over €31 million and the deal is one of the largest concluded in this sector in Poland this year. The vendor was advised by Colliers International.
“This transaction confirms the high dynamics of the purchase of investment land designated for residential projects this year. I expect that this is not the last transaction of this scale in 2016,” said Emil Domeracki of Colliers International, responsible for the transaction.
The total area of land subject to the transaction is nearly 9.4 ha. According to the new owner, most of the land is intended for residential development.