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OKAM on 21 September 2020 finalized the purchase of a plot of land in Warsaw’s Wola district at 9 Redutowa Street. New residential buildings will soon be built here.
On the plot of 3.8650 ha in 2021 the construction of the first stage of the investment will start. Ultimately there will be 4 buildings with about 740 apartments. In the first stage 150 apartments will be available. The nine-storey buildings will be kept in a modern style, all sunk in the surrounding greenery of the directly adjacent park of Warsaw Insurgents. There will also be biologically active area within the estate. According to the plans, OKAM intends to allocate about 40% (which is about 1.4 ha) of the area of the plot for green/recreational areas to be used by future residents.
– This is another of our Warsaw investments, the second one in Wola. This district is currently developing dynamically. It is well communicated and guarantees comfort of living, so we are happy to come back here. The investment will also be built according to the standards of the New Quality Policy OKAM, just like other currently implemented investments. We plan to start the construction of Stage I next year and finish in 2023. The whole investment will be completed in 2025. I am convinced that this is another step in the development of OKAM,” says Arie Koren, CEO of OKAM.
The transaction value is 65 million PLN net.