Tried - and - tested for hard times

Hochtief Development Poland's team hardly ever reveals details to the media of any of their projects, but it appears that it has been preparing a few small projects and the development of a business park in Warsaw. The company has secured a site near an earlier project - the Bank Pekao offices in Lipowy Office Park. The 4 ha plot is situated at the intersection of ul. 1 Sierpnia and ul. Żwirki i Wigury near a railway line that will eventually run directly to the airport. "We expect to acquire the property from the present owner by the end of the year. According to the site development conditions, 100,000 sqm of mixed-use residential and office space can be built on the area. We will be trying to identify parties interested in buying the 10,000 sqm residential section," reveals Piotr Stark, a member of the management board of Hochtief Development Poland. At present the developer is completing the documentation necessary to obtain a building permit. If this happens, the company will buy