Cordia completes its tallest residential building so far
Hungary-based developer Cordia has completed its highest residential building so far, the 54.5 m high Horyzont Praga in Warsaw, according to a press release sent to the Budapest Business Journal.
The recently completed project offers 164 homes. The project takes its name from the Polish capital's Praga Poludnie district, one of the city's most famous and highly rated residential areas.
"Today, Cordia's offer includes many projects dedicated to more demanding client: Leśna Sonata in Sopot, Villa Jaśkowa Dolina in Gdańsk or Safrano in Kraków. However, it was Horyzont Praga that was our first and definitely successful attempt to enter this market segment. The aesthetics of this building, the quality of its’ finish, the elegance of the solutions used make it an extremely important project for us as a company, and also a very attractive place to live," said Tibor Földi, chairman of the board of Cordia International.
The complex, consisting of a 17-story and a 5-story block, offers a green patio, a two-story-high lobby, ground floor services, as well as a two-story underground garage with electric car chargers and bicycle storage.
The location offers quick access to other districts by bus or car, and a station of the third metro line will be built nearby in the future, the developer notes.
"Poland is playing an increasingly important role in our business, alongside the strong Hungarian market. At the moment, there are almost 900 apartments are under construction and further 3,500 are under development and we plan to deliver 500 homes in the Polish market this year. We also plan to sell here 745 apartments in 2021 under Cordia and Polnord brand, which could be nearly half of the group’s sales in all of its markets. We plan to sell approx. 750-900 apartments per year in Poland, but with our plans for further land acquisitions, we believe that we can achieve sales of over a thousand homes per year in the future," Földi added.
Besides Horyzont Praga, Cordia has been active in Krakow, Warsaw, and the Tri-City area (Sopot, Gdansk and Gdynia), and plans to expand to other Polish cities. Cordia has launched three new projects in the country this year and with Polnord’s portfolio it is putting up for sale more than 650 apartments in 2021.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.