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POLAND Capital Park buys Polish Hook sites

Residential
Capital Park has concluded a preliminary agreement for the purchase of two plots in Gdańsk with a total area of 1.3 ha on the Polski Hak [Polish Hook] headland in Gdańsk’s port area.

On the plots, located on the headland where the Motława river flows into the Martwa Wisła river, Capital Park is planning a residential development with retail and services functions, as well as public recreational space. The project is to be situated on ul. Sienna Grobla, which runs along the quay. The seller and the value of the transaction have not been disclosed.

We see enormous potential in this fantastic location of Gdańsk. We are convinced that a well-thought-out, quality investment in this area will make it another prominent sight of Gdańsk. As an investor, we are looking for places with an attractive location, but also with a unique atmosphere, as in the case of the Norblin Factory in Warsaw’s Wola district, which we are also revitalising. Here, on the Polish Hook, you can feel the spirit of history as well as an intimate, cozy atmosphere, even though we are in the very heart of the city. We are only at the beginning of this journey – we have a preparatory stage ahead of us, in which we must obtain all the necessary permits to finalise the transaction and draw up an architectural concept.
Marcin Juszczyk, a management board member Capital Park Group

Polski Hak was the location of the 19th century Klawitter Shipyard, the Gdańsk Polish Rowing Club and, after World War II, the Zakłady Rybne Gdańsk fisheries plant and the Jedność Rybacka fishing cooperative. The old industrial buildings were recently demolished and now the area is undergoing gradual revitalisation by the city authorities and water area managers. The renovation of the rundown wharf was launched last year with Budimex as the general contractor. This work is scheduled for completion in early 2021.

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