Pirelli Pekao Real Estate sells Warsaw plot for €8m

Pirelli Pekao Real Estate has sold a 6,000 sqm plot located in downtown Warsaw Grzybowska street for €8m to Mor-Eden Tower. The plot was acquired by Pirelli Pekao RE’s subsidiary Nowe Ogrody in December 2006. In January 2009, the would-be developer secured a construction permit for a mixed-use residential and commercial project of a total GLA amounting to 26,000 sqm. It was going to look like that (go ahead, click on the link).

Mor-Eden Tower has nothing to its credit in terms of development so far. It did make some waves a couple years ago with plans to develop a huge mixed-use project in Gdańsk.

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