PL

POLAND Capital Park seals Polski Hak purchase

Residential
The Capital Park Group signed a final purchase agreement for two plots with a total area of 1.3 ha on the Polski Hak (Polish hook) promontory in Gdańsk.

In November 2020, the Capital Park Group signed a conditional preliminary agreement to acquire shares in Projekt I, a company owned by the Warsaw-based developer Eco-Classic and the holder of the perpetual usufruct for the Polski Hak site in the Motława estuary. The deal has received the necessary approval of the Minister of Maritime Affairs and Inland Navigation. Greenberg Traurig and MDDP Outsourcing acted as advisors for this process.

Capital Park is now planning a residential development with retail and services on the ground floors of the buildings, which have been designed by the JEMS Architekci studio. A recreational promenade with bars and restaurants will be created, while piers are to be built for mooring small vessels on the Martwa Wisła side of Polski Hąk. A swimming pool, a gym and co-working space will also be provided.

The 18 month-long process of acquiring the Polski Hak site has come to an end. We are now the owner of a beautifully situated plot, which will soon be given new functions. We intend to turn this location into a landmark of this part of the city. The investment we are designing will be modern, addressing the expectations and needs of the fast developing city of Gdańsk, and implemented with environmental and climate change concerns in mind.
Marcin Juszczyk, a member of the management board of Capital Park Group

Work is now underway to prepare a multi-disciplinary concept for the project, following which Capital Park will apply for an environmental decision, and once this is obtained, it will apply for a building permit. The eventual construction work is expected to start in early 2024.

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