PL

Distinctive structures

Investment & Finance
Commerz Real, which manages the EUR 14 bln Hausinvest fund, has the potential to become a major player on the Polish real estate market. Its plan now is to double its current EUR 250 mln engagement over the next twelve months
Rafał Ostrowski, ‘Eurobuild CEE’: The main project you are working on in Poland is J44 – also known as Widok Towers. It is located at Warsaw’s main intersection, on Al. Jerozolimskie and ul. Marszałkowska, on the site of the now demolished Universal building. Could you tell us more about this project? Henning Koch, global head of transactions, Commerz Real: It’s going to be a 27-storey skyscraper with roughly 37,000 sqm of office space, so it will be a real landmark building on the best site in the city. We are currently in the process of obtaining the full building permit. This should happen this year, so we should be able to start the construction quickly. Our aim is to complete the project in 2020–2021. What we are currently doing is optimising the project for the long term. Usually developers just try to optimise a project in a way that allows them to quickly sell it off for the maximum profit – quite possibly to an investor who does not
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