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Home Countries Poland

Hochtief Group Enters Into Public-Private Partnership to Build Residential Buildings in Zory

David Stuckey by David Stuckey
October 3, 2024
Reading Time:1 min read
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Hochtief Group Enters Into Public-Private Partnership to Build Residential Buildings in Zory
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A special purpose vehicle of the Hochtief Group has entered into a public-private partnership for the design, construction, financing, and maintenance of four multi-family residential buildings with the Municipality of Zory, in southern Poland.

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According to Hochtief, the deal represents “the first construction of a housing estate in Poland carried out in the public-private partnership formula.” Hochtief reports that, “as part of the task … the City of Zory will obtain the necessary funds for the construction and maintenance of the facility. The Private Partner (Hochtief PPP Inwestycje Polskie Sp. z o.o.) will prepare the design documentation, carry out the entire construction process and will be responsible for maintaining the investment for 20 years.”

According to Hochtief, “the main role will be played by Hochtief Polska. Our task will be to develop design documentation along with obtaining a building permit and to carry out construction works and obtain an occupancy permit. The design part is planned for nine months, and 27 months for the implementation part.”

Once complete, the complex will consist of four nine-story buildings with an underground garage. The above-ground floors will have both residential and commercial premises, additional above-ground parking spaces with an access road, sidewalks, squares in front of service premises, a playground, recreation areas, and green areas, as well as all necessary technical infrastructure (including sanitary, water, energy, gas, and telecommunications installations, as well as rainwater drainage and retention and external lighting).

The project will eventually host 405 apartments with 617 parking spaces and five commercial premises. The facility will consist of approximately 42,000 square meters.

The DLA Piper law firm advised the Hochtief Group on the deal, with the Cieslak Law Firm advising the Municipality of Zory.

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David Stuckey

David Stuckey

A founder and former Executive Editor of CEE Legal Matters Kft., now writing for CEE Real Estate Matters. A professional writer, editor, publisher, consultant, and entrepreneur, and an amateur tennis player, cinephile, and bon vivant.

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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Recent Posts

  • Szymon Mikolajczak Introduced as Vice President of Omida Solutions
  • Supeco Discount Supermarket Signs Lease at FunShop Park in Ploiesti
  • BIG Poland Acquires OTO Park Koszalin
  • Ibersol Acquires Former Quality Trend Hotel Zoo in Vienna
  • CPI Europe Sells Vienna Marriott Hotel to Evientro and Landfair European Dislocated Opportunities
  • White Star Real Estate Reports One Million Square Meters of GLA in Poland
  • GTC Group Releases 2024 ESG Report

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