Business & Money | Sunday 14 February, 2016 3:47 am |

US-based real estate investment manager Amstar and Polish developer BBI Development S.A., are undertaking with Savills the international launch of Zlota 44, one of Europe’s tallest and most luxurious residential towers, located on Ulica Zlota (Gold Street) in central Warsaw.

 

Designed by world renowned architect Daniel Libeskind, the iconic 192 metre (629 ft.) high 52 storey tower dominates the city’s skyline and provides 287 one, two and three bedroom apartments and penthouses complete with business, leisure, concierge and parking facilities. The design of the tower makes each apartment unique in size and layout, with a wide range of floor plans. Typical apartments range from 660 sq. ft. up to 3,224 sq. ft., with penthouses and several full floor residences reaching up to 10,000 sq. ft. in size. 

 

The apartments offer elegant interiors designed by award winning international design studio Woods Bagot. Purchasers can choose from one of nine different interior design schemes, providing a range of colours and materials that suit the tastes and preferences of each individual. The combination of world class design and spectacular views create the ultimate living space in the thriving capital of Poland. 

 

Michal Skotnicki, President of BBI Development, commented: “We currently have significant interest in Zlota 44 from both Polish and international buyers. We estimate that approximately 70% of apartment sales will ultimately be to Polish domestic or expatriate buyers with the remaining 30% likely to go to overseas investors looking for a stable investment in one of the finest luxury residential towers in the world, taking advantage of the strong potential returns on offer in an upwardly mobile city. Currently, Warsaw offers spectacular value compared to similar top luxury residences in other markets such as London, Paris or Berlin that now command an excessive price premium.”

 

The tower offers residents an unmatched living experience, providing world class amenities and services that create a community and lifestyle that does not exist elsewhere in the Polish property market. On the eighth floor of Zlota 44 is a 15,000 sq. ft. leisure and entertainment complex for the exclusive use of residents and their guests. 

 

The space includes a 25-metre swimming pool (the largest private pool in Poland); private residents’ terrace with sun loungers and Jacuzzi; gym, full spa facilities (including Finnish sauna, steam room and massage rooms), private cinema equipped with a golf simulator; children’s playroom and business conference rooms.

 

Discussing the investment potential of Zlota 44, Charles Weston Baker, Director at Savills International, commented: “Warsaw is a fast growing and exciting city and Poland is currently the sixth largest economy in Europe, making an apartment within Zlota 44 a sound investment, both in terms of affordability and potential returns. At current we’re seeing an average rental yield of 8.5% for high quality apartments in Warsaw, making this a very exciting investment for international property investors.”  

 

Wine connoisseurs will have access to a large temperature controlled wine storage on the ground floor, accommodating up to 10,000 bottles, complete with a tasting room. At the base of the tower is a nine storey parking facility, which is accessible from street level and contains spaces large enough for luxury cars. The dedicated concierge, supported by full-time staff maintaining the leisure and entertainment facilities, will ensure that residents receive 5-star service on a daily basis.  

 

The façade of Zlota 44 was constructed with self-cleaning high quality panelling and triple-glazed floor-to-ceiling windows. Commenting on the architectural design of Zlota 44, Daniel Libeskind said: “The concept and design of Zlota 44 first came to mind as I was reflecting on the city, which has been resurrected after ages of destruction and oppression. I wanted to capture both the Warsaw of the past and the future in one specific shape, as well as give a sense of the freedom and affirmation of everyday life today. More than anything, I was inspired by the identity and the potential of this amazing city.”

 

Purchasers at Zlota 44 will benefit from tailor-made apartments, allowing them to design the layout and specification of their home to suit their individual tastes and needs. All apartments have a spacious living area with floor-to-ceiling glazing, providing a light and airy ambience. The kitchen and breakfast rooms are open plan, custom fitted and complete with integrated appliances and breakfast bars. There are options for the inclusion of exposed polished-concrete ceiling and column features, Caesarstone kitchen worktops and stained-oak or American-walnut flooring. Apartments also feature Gaggenau kitchen appliances and the latest home management systems, which are compatible with tablet-controlled and smartphone-controlled technology. 

 

Upon entering Zlota 44, residents and guests are greeted by an impressive reception area, designed by Daniel Libeskind, featuring six metre high ceilings, luxurious furnishings and floor-to-ceiling windows flooding the lobby with natural light.

 

The tower will complete construction mid-2016, with first residents scheduled to move in at the end of 2016. With one, two and three bedroom furnished show apartments and a sales suite now in place on the 50th floor the developers have decided to launch the project’s international sales campaign in conjunction with Savills. 

 

Investors who purchase at Zlota 44 can benefit from a full rental management service provided by leading Polish residential property investment and management company Mzuri. On offer is a fully tailored service giving owners a ‘hands-free’ investment, with steady rental income. The property management service includes active apartment marketing, showcasing the property to prospective tenants, verifying and selecting the tenants, managing tenants queries, on-going rent collection and apartment maintenance. 

 

Zlota 44 will benefit from consultancy by Harrods Estates Asset Management, the property management arm of the world famous Harrods department store. Harrods Estates Asset Management will advise on areas such as property operations, concierge services, personnel recruitment and management strategies and on the overall amenities package, so that Zlota 44 can provide its residents with services and personnel of the highest quality.                                                                    

 

Prices at Zlota 44 range from £242,000 ($360,000) for a one-bedroom apartment up to £1.9 Million ($2.8 million) for a three-bedroom apartment. The opulent penthouses are available under private negotiation, with offers expected to exceed £7 million ($10.4 million). For further information contact Savills International on Tel: +44 (0) 207 016 3740 or visit www.savills.com or contact the Zlota 44 sales team on Tel: +48 22 250 14 44 or visit www.zlota44.com.