Walter Herz has announced the sale of an investment plot in Warsaw’s Białołęka district to BLD Poland. The Bulgarian developer plans to build a residential project comprising approximately 90 housing units on the site. This marks BLD Poland’s second acquisition in Warsaw, following its January 2025 purchase of a plot in the Saska Kępa district for a 30-apartment residential development. Construction of that project, Ivory, began in March 2025. According to BLD Poland’s Aleksandra Kerner-Kruk, the company continues to expand in Poland after establishing a residential portfolio in Bulgaria. The decision to invest in Warsaw aligns with the company’s strategy to target stable markets with long-term growth potential. BLD Poland is also considering additional residential investments in the country. Damian Karkosiński of Walter Herz noted that this deal reflects the continued interest of foreign investors in Warsaw’s residential land market. He also highlighted that while international demand remains strong, the availability of suitable plots for multifamily development in the city is limited due to competitive conditions. Białołęka, however, continues to attract developers as one of the capital’s most active districts for new housing construction. Construction of the Białołęka project is expected to start later in 2025, with completion planned for the first half of 2027. The development will offer nearly 90 apartments designed to maximise functionality and natural light. The site is located near Głębocka Street, within proximity to public amenities including retail, parks, schools, and childcare facilities. Founded in 2006, BLD has delivered over 2,000 housing units across 11 projects and is currently developing six more in Bulgaria. The company focuses on modern residential construction and is a member of the Polish Association of Developers.