A long term investor in Poland
Investment & financePOLAND Eyal Mor, the managing director of Asbud, claims that his company is very much interested in long term investment in Poland. The Israeli-owned firm entered the Polish market in 1996 to do business and since that time has delivered more than 1,000 apartments to the market in seven projects. After 2007, the company temporarily slowed down its expansion strategy. "We stepped back during the crisis to reassess the market. Since 2007, we've mainly concentrated on design and purchase," Mr Mor explains.
Now in partnership
Now Asbud is reinvesting, with its latest investment being an office project it is co-developing with Ablon on ul. Karolkowa in Warsaw. The project was originally begun by Ablon, with Asbud buying a 50 pct stake in the project last December. "We have launched all the aspects of the project, including the marketing and leasing. On February 15th we restarted the construction work," Say Eyal Mor. The project is to be delivered in June 2014.The class 'A' office building will offer a total area of over 17,500 sqm with around 14,500 sqm of office space and app. 3,000 sqm earmarked for retail. The project, which is being constructed by general contractor Karmar, is to be BREEAM certified and the developer hopes to attain a grade of at least 'Good'. Karolkowa Business Park is being built on the site of the former Philips lighting factory. The project will retain the plant's old façade, while many of the bricks from the dismantled factory are to be used elsewhere in t
Already have an account? Log in
71% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
