OKAM has purchased 62 ha of land from FSO in Żerań, Warsaw

by   CIJ News iDesk III
2021-08-02   12:09

The developer OKAM has purchased 62 ha of post-industrial land in Żerań in Warsaw for an undisclosed amount, the company said. This is one of the largest transactions of this type on the real estate market, not only in the capital, but also throughout Poland.

"By purchasing this area, once used for car production, we made one of the largest acquisitions of this type on the market in just one transaction. Undoubtedly, the scale of the investment will be huge and the preparation itself will take several years, and the multi-stage implementation will cover several next ones. the challenge that we will face at OKAM. In the near future, however, we plan to take steps to make this place more attractive for current and future tenants and to provide them with the possibility of continuing their activities. Therefore, the investment will be carried out by us respecting the past and will be preceded by consultations with interested parties," said CEO Arie Koren.

The company has extensive experience in the revitalization of post-industrial areas. Among them is the Bohema - Strefa Praga project carried out in the Praga-Północ district of Warsaw, in the area of, among others, the former Pollena-Beauty factory. OKAM also plans to implement a project on plots of the former Danone factory. In turn, in Łódź, OKAM has completed the ŁÓDŹ WORK investment (the site of the former Teodor Meyerhoff factory), as well as the 217 Piotrkowska Zone, where Józef John's iron foundry was once located.

The OKAM investment in Żerań will be among the largest investments of this type in Warsaw, next to, for example, Miasteczko Wilanów, where, however, contrary to the OKAM investment, projects were implemented by several or a dozen developers. space and create a place where current tenants with whom OKAM wants to continue long-term cooperation, and future customers will be able to feel safe and fully benefit from the potential of this place, especially in such an excellent location. Today, the area has direct access to the S8 route, full public transport (trams, buses, railway line) as well as bicycle paths. In the future, an underground station is also planned to be built in close proximity.

OKAM Capital operates on the market of development companies specializing in residential and commercial construction.

Source: OKAM and IBSnews
Photo: OKAM Wola