News Article Aurec Capital investment Poland redevelopment residential Warsaw
by Property Forum | Residential

Aurec Capital Poland has acquired three residential buildings in Warsaw’s Praga Północ district with the intention of redeveloping them. 150 rental apartments and retail units will be built under the LivUp PRS brand. The redevelopment project is planned to be completed in early 2022.

“LivUp will offer a range of high-quality amenities and services for its tenants, including a fitness room and lounge area, regular events and e-commerce services. What distinguishes our brand is the emphasis we put on our tenants’ needs – as well as on creating relationships between the tenants themselves and the quality of our service and response,” said Roee Shamir, Managing Director of Aurec Capital Poland.

This is Aurec’s third project in Warsaw under the LivUp brand. The first is also located in Praga Północ. The 1898 tenement has been fully restored along with its original features and now the fit-out work is being carried out. The entire project consists of two interconnected buildings with 83 apartments, which are to be available to tenants this August. The company’s second project in Warsaw, close to the Wilanowska metro station, is a 17-storey building with more than 200 units.