Marvipol Development secures Warsaw land for PLN 42 million for residential project

Marvipol Development has signed a contract with an unrelated third party for the acquisition of a 4,400 sqm plot of land in the Bielany district of Warsaw. The transaction, valued at PLN 42 million net, aligns with the company’s plans to develop a residential project on the site, the company announced.

Marvipol Development, a prominent Polish developer, operates primarily through special-purpose vehicles in two key segments: residential and warehouse construction. The company specializes in multi-family housing and warehouse projects, managing their construction, commercialization, and eventual sale.

This acquisition further reinforces Marvipol Development’s strategic focus on expanding its residential portfolio in prime urban locations. The company, established in 1996 as part of Marvipol S.A., assumed its independent development activities following a corporate division on December 1, 2017.

Source: Marvipol Development and ISBnews