Łódź sees large transaction on land market
The sale of a plot of 1.65 ha, located at 95 Tuwima Street in Łódź. The buyer is Apartamenty Tuwima Sp. z o.o.
Neonica has finalized the sale of a plot of 1.65 ha, located at 95 Tuwima Street in Łódź. The buyer is Apartamenty Tuwima Sp. z o.o. Experts from the international advisory company JLL represented the vendor in the transaction process.
The plot is located in the central part of the city, near the New Centre of Łódź and is well-served by public transport and recreational areas. The local development plan assumes the implementation of multi-family residential buildings with services on the plot.
"The transaction illustrates that developer interest in Łódź is growing. This applies to both companies that have been present in the city for years, as well as new players who are considering expanding into the Łódź market. This is the result of, among others, a very good situation in the housing sector. According to market monitoring conducted by the JLL residential team after Q4, developers operating in Łódź closed 2019 with another sales record”, comments Joanna Kieszczyńska, Director, Land & Medium-size Investments, JLL.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.