Futureal Investment Partners, a member of Futureal Group, and 1 Asset Management, an investment management company, backed by real estate development company Hanner, have announced the successful transaction involving the division and sale of two buildings within Lipowy Office Park located at Żwirki I Wigury St. in Warsaw, Poland.
Futureal has announced the acquisition of Lipowy Office Park in Warsaw. The company intends to reposition the building complex by transforming it into a sustainable, people-oriented, and modern office complex, according to a press release sent to the Budapest Business Journal.
Cordia wants to realize half of its sales in Poland
The goal is not only stable results in Hungary and international expansion. Cordia also wants to dynamically develop in Poland. The plan of the Polish branch of the developer for 2021 is 745 apartments sold – almost half of the group’s sales in all markets in which it operates.
The Hungarian Cordia Group has been building apartments for 20 years, and in Poland – systematically strengthening its position on the market – since 2014. The developer, which also operates in Romania, Great Britain and Spain, and has recently become the sole shareholder of Polnord, has ambitious plans for the Polish branch for this year and the following years. He wants to sell an average of 750-1000 premises in Poland per year, which means that the local market plays an increasingly important role in his business. It ranks just behind Hungary, where the company plans to deliver 1,800 apartments this year, sell 860 and launch 7 new projects.