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Pałac Raczyńskich will be saled

Pałac Raczyńskich in Warsaw

CB Richard Ellis Development Consultancy Team is pleased to announce that has recently represented Dom Development S.A., a leading Polish residential developer, in the sale of a landmark property in the heart of Warsaw.

The property was acquired by one of the most successful developers in the Polish market – Hochtief Development Poland Sp. z o.o..

The property is situated at the corner of Mazowiecka and Traugutta Streets. It is one of the most noble parts of Warsaw and enjoys an excellent accessibility to all parts of the city.

The property consists of two sites totalling 3 751 sqm and the historical Edward Raczyński’s palace. It is the highest building in this prestigious area, overlooking Piłsudskiego and Małachowskiego Squares, as well as Saski Garden. Once built in 1910, the building was one of the most luxurious residences in Warsaw.

- This disposal was a unique opportunity to purchase a sizable development site in the area of a very limited supply. The uniqueness of the property definitely attracted the attention of the buyer. In our opinion both the seller and the buyer made a very good deal – says Mikołaj Martynuska, Director of Development Consultancy in CB Richard Ellis.

CB Richard Ellis co-exclusively represented the seller in the disposal process, together with DTZ. The CBRE Development Consultancy Team is based in Warsaw and focuses exclusively on underwriting, structuring and executing land sales for office, residential, retail and special purpose real estate assets.

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