The transaction between Peakside Capital Advisors and STRABAG Real Estate concerned an eight-hectare site in Kraków's Dąbie district. The plot includes the former Plaza shopping centre building along with green areas and a pond. This location is within easy reach of the city center, and guarantees great investment potential as well as excellent exposure.
Year by year it becomes more and more difficult to find an attractive plot of land for development in Kraków, especially if the investor is looking for a plot of such significant size. The property sold by our client is covered by the local masterplan allowing for the development of commercial services. This gives the purchaser a wide range of possibilities as to the choice of the development project. Additionally, an exceptionally good location makes it an ideal place for a multi-functional complex including apartments for rent, commercial and service premises, and offices. Opportunities to acquire such attractive land are rare on the market. We are glad that we could support Peakside Capital Advisors in this unique transaction,
comments Joanna Kieszczyńska, Director, Land and Medium-Size Investments, JLL.