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POLAND YIT buys plots in 3 cities

Residential
Finnish developer YIT has acquired two plots in Kraków for residential projects, as well as land in Warsaw and Gdańsk – two markets where it is already present.

In the first three quarters of this year, the Polish branch of YIT added more than 80,000 sqm usable living space (PUM) and 1,800 apartments to its portfolio in the country. On the two Kraków plots over 700 apartments are to be built, as well as 600 flats on two sites purchased in Warsaw and app. 500 apartments on three plots bought in Gdańsk.

The purchase of the new land, including the plots in Kraków, is the result of strategic decisions YIT had taken well in advance. We are constantly looking for attractive locations, focusing on the largest Polish cities. After stabilising our position in Warsaw and Gdańsk, the time has come for Kraków, which, thanks to its potential and great history, fits perfectly into our development vision.
Tomasz Konarski, the CEO of YIT in Poland

YIT is also continuing with the development of a mixed-use project on ul. Nowomiejska in Gdańsk’s Żurawie district, which began in mid-2021 and will offer 243 apartments in the first stage, while work on Parkur Residence (162 apartments) in Warsaw’s Służewiec district is on schedule and the first residents will be able to move in later this year. In October, construction work started on the final stage of Aroma Park in Warsaw’s Białołęka district – Aroma Park Lofty, which involves the restoration of three former yeast distillery buildings: the Factory, the Old Warehouse and Willa Fabrykancka will contain 170 apartments and lofts upon their completion, which is scheduled for Q2 2024.

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