January 14, 2020

Łódź sees large transaction on land market

Łódź sees large transaction on land market

Neonica has finalized the sale of a plot of 1.65 ha, located at 95 Tuwima Street in Łódź. The buyer is Apartamenty Tuwima Sp.z o.o. Experts from the international advisory company JLL represented the vendor in the transaction process.

The plot is located in the central part of the city, near the New Centre of Łódź and is well-served by public transport and recreational areas. The local development plan assumes the implementation of multi-family residential buildings with services on the plot.

"The transaction illustrates that developer interest in Łódź is growing. This applies to both companies that have been present in the city for years, as well as new players who are considering expanding into the Łódź market. This is the result of, among others, a very good situation in the housing sector. According to market monitoring conducted by the JLL residential team after Q4, developers operating in Łódź closed 2019 with another sales record," said Joanna Kieszczyńska, Director, Land & Medium-size Investments, JLL.

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