C&W advises PHN group on acquiring JV partner for fishermen’s port project in Gdynia

20 Dec, 2012, Warsaw

Cushman & Wakefield, a leading global real estate services firm, has been appointed by the Polski Holding Nieruchomości Group as the exclusive agent in the process of acquiring JV partner for the realization of the Fishermen Port project at 10 Hryniewickiego Street in Gdynia.

The site, on which the investment is planned, extends to 10.4 ha. It is located in the centre of Gdynia on the Fishermen’s Pier. There is a prestigious apartment building Sea Towers and Gemini shopping centre in close proximity of the project. The land is owned by Dalmor, one of the subsidiaries of the Capital Group of Polski Holding Nieruchomości.

“Fishermen’s Port” complex will comprise office and residential buildings with ancillary retail and services uses. PHN Group alongside Cushman & Wakefield is seeking JV partners having experience in the development of projects in office, retail and residential sectors.

“We are carrying out large investment projects through JV partnership, which is in line with the Group’s business strategy. The Fishermen’s Port is a large-scale project with development potential, which determines such an investment strategy. We have a number of projects of this type, both planned and under construction, such as Wrocław Industrial Park realized together with the British developer SEGRO” - says Paweł Laskowski-Fabisiewicz, Vice-President of PHN SA.

“The planned investment is an example of rejuvenation of the post-industrial area in a prime waterfront location. GK PHN considers carrying out the project as a single investment or in the form of a few independent ventures, with one or a few partners” – says Piotr Szmilewski, senior surveyor in Capital Markets Group at Cushman & Wakefield.

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