Soho Development sells property located at 25 Mińska Street in Warsaw
Soho Development has finalized the sale transaction of the “Soho Factory” property located at Mińska 25 Street.
The property of 53,194 sqm was acquired by Yareal Polska.
Experts from JLL advised the vendor on the process of obtaining the buyer and negotiations, while the Greenberg Traurig law firm provided counsel in all legal aspects. Yareal Polska was represented by the Gide Loyrette Nouel law firm.
The property, situated between Mińska and Żupnicza Streets, provides a great opportunity for developing approximately 70,000 sqm of residential and service space.
“The sale of this prestigious property illustrates the huge investor interest in land plots which allow for development of “mixed-use” projects with a primarily residential function. In the case of finalizing the Mińska 25 transaction, the vendor was focused on obtaining a buyer with an established market position that would share the company’s vision and plans related to the Soho Factory complex. All of these expectations were met by Yareal Polska”, comments Daniel Puchalski, Head of Land Advisory Services at JLL.