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| Angel Wings |
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| Location |
Wrocław, South West Poland |
| Date acquired |
Acquired by MGPA Europe Fund III in July 2007 |
| Investment type |
Mixed use development |
| Description |
The development project is located on the Oława River and is 15 – 20 minutes walk from the old town district. Angel Wings will consist of six buildings including 1,200 luxury residential units over 81,000 sqm, two levels of underground car parking for 1,700 resident car parks, and 13,000 sqm of retail, leisure and office space. This development will also have the advantage of excellent road access with roads leading in from both sides.
The residential units will be split between five to nine storey buildings and two high rise towers consisting of 25 and 40 stories respectively. The buildings fronting the river will include retail space creating a social and shopping environment for the residents and public. |
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| Investment strategy |
Invest in a strongly performing city in south western Poland that has significantly above average disposable incomes and has benefited from substantial inward investment. Focus on residential development due to the increasing demand for quality accommodation due to rising income levels and falling unemployment. Sell apartments individually in a rising market. |
| Contact |
Graham Tyler
London, United Kingdom |
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