BPI Real Estate acquires new site at exceptional location in Polish capital
In January, the Polish branch of project developer BPI Real Estate acquired a new site in Warsaw. The site has an exceptional location in the centre of the Polish capital, where BPI Real Estate Poland will be constructing a residential project and several commercial units over the next couple of years.
Following the completion and delivery of two building projects, Rezydencja Barska and wolaRE, in Warsaw in 2020, it initially appeared as though the Polish project developer had no further development plans in the country’s capital. However, thanks to the acquisition of a site in Warsaw city centre, the project developer will be able to maintain and further strengthen its presence there.
“Just like every other city in Europe today, Warsaw is having to contend with increasing house prices as a result of ever-growing demand. The demand for high-quality living accommodation is at a peak, particularly in the city centre. We aim to use our skills and expertise to address this by developing a residential project at a mere 200 metres from Warsaw Central Station and Metro station,” says Béranger Dumont, General Manager BPI Real Estate Poland.
High-quality living in the city centre
The Polish real estate company will develop a residential project at the 17,000 m² site that will comprise some 240 apartments. This will also include several commercial units at ground level. The population of Warsaw has become increasingly wealthier in recent years.
The project will therefore have a certain cachet, with special attention being paid to the architecture of the building. There will also be a green courtyard, smart living solutions will be integrated, and the building will be entirely future-proof on account of the strict sustainability criteria for new buildings.
The central location and close proximity of the railway and metro stations mean that the future apartments are readily accessible by public transport. With this project, BPI Real Estate Poland is not only targeting residents looking for a place to live, but also investors looking for interesting investment product.
The project is currently in the authorisation phase. If the authorisation procedure is an efficient one, BPI Real Estate Poland will commence the building and commercialisation process in the summer of 2022.
More information
BPI Real Estate
Michele Stynen
- Marketing & Communication Officer
About BPI Real Estate
BPI Real Estate is the real estate development division of the Belgian industrial group CFE, incorporated in 1880 and active in dredging, environment, offshore, contracting, rail activities, multitechnics and real estate development.
Established 30 years ago, the real estate developer operates in Belgium, Luxembourg and Poland. The company is mainly active in the residential, office, retail and service sectors and in specific products.
BPI Real Estate takes into consideration the social, energy, aesthetic and technological elements in order to develop innovative and environmentally sound urbanism. Furthermore, it applies its expertise to the real estate design and development of Wood Shapers, a Belgian and Luxembourg corporation, established in 2019 by BPI Real Estate and CFE Contracting (both part of the CFE Group). Wood Shapers focuses mainly on the design and development of sustainable building constructions made out of wood or prefabricated materials.
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