ACTEEUM Group, BPI Real Estate Poland and general contractor CFE Polska celebrated the topping out at the wolaRE estate. The ceremony took place at the construction site of the investment in Warsaw’s Wola district, only 10 months after the start of construction. The construction works of the wolaRe project proceed according to the schedule, and the completion date is planned for 2020.
Representatives of ACTEEUM Group and BPI Real Estate Poland jointly developing the Warsaw wolaRE project, together with CFE, the general contractor of the investment, celebrated the completion of the construction of all above-ground floors. wolaRE is another project developed in Poland as part of the cooperation of these companies. The general contractor of the investment delivers the construction works according to its schedule, with installation and finishing works being currently underway.
– We are pleased with the dynamic progress of the wolaRE project, our second residential undertaken developed jointly with BPI. We deeply believe that the wolaRe apartments will match the tastes of future residents, and the whole estate will fit into the climate of Warsaw’s Wola district, increasing its architectural and functional values. Thanks to good and effective cooperation with both BPI and CFE, the wolaRe estate, completed in less than a year, will open its doors to the residents. – says Tomasz Szewczyk, Managing Partner Acteeum Central Europe.
wolaRE is a modern 6-storey building developed at ul. Ostroroga 21 in Warsaw. It will feature 231 apartment with attractive layouts and areas between 28 and 83 sqm. Each apartment will have a balcony or loggia. The project architecture is tailored to the district’s buildings and is the second joint venture of BPI and Acteeum – after the Vilda Park in Poznań.
The construction of the wolaRE began in December 2018 and is expected to be completed in 2020. The general contractor for the project is CFE Polska.
Further information about the wolaRe project at: https://wolare.pl/
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Information about BPI Real Estate
BPI Real Estate is a development company operating in Belgium, Poland and Luxembourg. The company was founded 30 years ago, since then gaining vast experience and know-how on the market for housing, office and commercial and service investments. BPI Real Estate investments are characterized by innovation and environmental friendliness, taking into account social and energy issues. At all stages of the investment, the BPI projects are also distinguished by attention to both structural and technological details, thus creating friendly and harmonious places to live and work.
BPI Real Estate belongs to the Belgian CFE capital group founded in 1880 and operating under three separate pillars. The first pillar for which the subsidiary DEME is responsible is the activity in the field of works related to the deepening of water reservoirs, environmental engineering as well as hydrotechnical and infrastructure investments. The second pillar of the group’s activity is general contracting in the field of construction, technical works and those related to railway infrastructure carried out under the CFE brand in Belgium, Luxembourg, Poland and Tunisia. The third pillar, for which BPI Real Estate is responsible, is development activity including investments in the real estate market.
BPI Real Estate activities in Poland
The first BPI Real Estate investment in Poland was completed in 2014. A total of 159 apartments were built and sold as part of the Wola Tarasy housing estate in Warsaw’s Wola district. In the immediate vicinity of this project, another capital investment by a Belgian developer – Wola Libre – is being built, which is distinguished by a transparent remediation process, i.e. the cleaning of the land preceding the construction of residential buildings. BPI Real Estate also successfully operates on the Gdansk real estate market, where the Four Oceans housing complex was developed. 708 apartments were built and sold as part of the four stages of the investment. Currently developed BPI Real Estate investments in Poland are the Bulwary Książęce complex under construction at ul. Księcia Witolda 11 in Wrocław and Vilda Park in Poznań at ul. Droga Dębińska. The developer’s two latest projects are being implemented in Warsaw. The first of them, called Barska Residence, is being built in Ochota. Another is the wolaRE investment carried out in Warsaw’s Wola as part of cooperation with the ACTEEUM Group.
Further information at: www.bpi-realestate.com
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Information about Acteeum
Acteeum Group is a privately owned international company operating on the commercial and residential real estate market in Poland, undertaking the entire development process, starting from selecting suitable plots for development through the stage of design, construction, commercialization, management and sale of facilities.
The Acteeum approach to projects is based on extensive experience and knowledge of the polish market and the development process. The company is a business partner of large institutional companies, including CBRE Global Investors, Immofinanz, NepiRockcastle, BPI, Equilis as well as private investors. Acteeum focuses on the development of large scale retail facilities and residential projects.
Acteeum manages a land portfolio and negotiates the purchase of further plots for the construction of shopping centers, retail parks, residential developments as well as mixed schemes.
Further information about Acteeum and its projects at: www.acteeum.pl