Periskop Poland has sold a 1.6-hectare residential development site in the Bialoleka district of Warsaw, then launched its second land development fund.
Periskop Poland acquired the Bialoleka site in August 2022, through its first land development fund, which had been established a year earlier.
“The successful sale underlines the sustained demand for prime residential development sites in Poland,” said Periskop Poland Managing Partner Monika Murawska. “With a robust pipeline and a compelling investment strategy, we are now introducing our second land development fund to further capitalize on opportunities in key urban markets.”
Periskop Land Development Fund II, which has a target volume of EUR 70 million and a planned investment horizon of five years, will focus on acquiring large plots of land without existing building permits in high-growth university cities. The fund is designed to facilitate the development of residential housing, student accommodation, and logistics facilities for small businesses.
Image source: www.periskop.ag