Mostostal Warszawa to execute new residential project at Warsaw Wola
Mostostal Warszawa was appointed general contractor of the new residential project at Wola district at Prymasa Tysiąclecia Street in Warsaw which encompasses construction of new modern multi-family buildings of an area of more than 30 000 square meters. This is the first stage of Vis a Vis Wola development. The investment for the Polski Holding Nieruchomości (PHN) is to execute Central Division of Mostostal Warszawa headed by Artur Soczewica with Paweł Półtorak as Contract Manager. The gross contract value amounts to PLN 56 796 370.79.
Polski Holding Nieruchomości is one of the largest groups in the commercial property sector in Poland in terms of the market value of its portfolio. The Group’s portfolio includes over 140 property assets with a value of PLN 2.5 billion. PHN’s operations are focused in Warsaw and the major regional cities, including Łódź, Poznań, Wrocław and the Tri-City area. The Company has long experience in the office, commercial and logistics sectors, both in real estate management and investment project implementation. PHN has been listed on the Warsaw Stock Exchange since February 2013.
Complex Vis a Vis Wola I will be erected by the main thoroughfare in the district, Prymasa Tysiąclecia 83 Street. In the scope of the agreement, Mostostal Warszawa is tasked to realise the first stage of the project that includes construction of two residential buildings with underground garages and recreational courtyard. The modern architectural form of the buildings, various number of storeys and exposed ground floor with service units constitute the most characteristic advantages of the projected residential development at Wola district. Apartments with balconies will be situated in the lower building. In the part varying in height (from 1 to 9 aboveground storeys) the apartments are going to be bigger. In total, the buildings will provide 213 residential units with a usable floor area of 12 162.6 m2. Both buildings will be sharing a green area with pond and recreational space for the residents. Each building will be also equipped with an underground garage. Further, rooms to keep strollers and bicycles, storage rooms, technical facilities with transformer station are also intended on the underground level. Roofs of the complex were designed as flat so they can be used by the residents as terraces. The underground garage will be covered with a green roof.
‘Central Division of Mostostal Warszawa is executing several residential projects in the capital city, Wola district included. It is one of the most dynamically changing parts of Warsaw right now. It is worth to highlight that we’ve recently concluded two contracts in the housing sector. This evidence that the growth rate is still high on this market. As the general contractor, we also consider important the fact that this the first time we will be working the PHN Group. This factor is always a great source of motivation. Further, we’re involved in the first stage of the investment, so the cooperation offers long-term prospects’ stated Artur Soczewica, Director of Central Division.
Apart from the construction of residential complex the contract assumes developing technical infrastructure, including sanitary, electrical and telecommunicational systems with connections (e.g. relocating transformer station to the underground level). As a part of land development, Mostostal Warszawa is to develop inner roads, playfield, small architecture, fencing (hedge) and outdoor lighting. In addition, the contractor is required to obtain the occupancy permit.
Task: Construction of two residential multi-family buildings with services and underground garages together with accompanying infrastructure and greenery located at Prymasa Tysiąclecia 83 Street
Contracting Party: Polski Holding Nieruchomości S.A.
Contract value: PLN 56 796 370,79 gross (PLN 52 589 232,21 net)
Term of realisation: 92 weeks
Contract Manager: Paweł Półtorak
Number of aboveground storeys: 1-9
Number of underground storeys: 1
Total area: 30 408,9 m2
Usable floor area: 22 901,77m2
Usable floor area of flats: 12 162,6 m2
Usable floor area of retail space: 999,4 m2
Number of flats: 213
Number of parking places in the underground garage: 221
Number of parking places on the property: 8