The Great Come Back of ZŁOTA 44
On April 16, 2015, BBI Development S.A. and US-based private equity fund Amstar officially launched sales of apartments in ZŁOTA 44, the iconic luxury residential tower located in central Warsaw. The building’s façade glowed with new life to highlight its highly anticipated return to the luxury residential market.
The building offers residents an unmatched living experience, providing world-class amenities, styles and services that create a community and lifestyle that does not exist elsewhere in the Polish market.
Amongst the tallest residential buildings in the EU, ZŁOTA 44 was designed by world renowned architect Daniel Libeskind and its interiors were created by the prestigious London-based design studio Woods Bagot. The project symbolizes the dynamic development of Warsaw and the economic success of Poland, and reflects the successes and aspirations of the Polish people.
Unique, individual apartments provide freedom of choice for residents
Fully finished apartments will be offered in nine interior design variants. BBI Development S.A. and Amstar, together with Woods Bagot, created a unique range of colors and materials to suit the individual tastes and preferences of their clients.
The new client-oriented approach can be seen in the various interiors design packages and wider range of apartment sizes – We have extended the range of the apartment sizes to provide clients with more choice. Clients can choose from cozy one-bedroom units, ranging from 62 to 70 square meters, or from newly designed medium-sized units, ranging from 90 to 120 square meters, which are rare in the luxury residential market and in high demand. We also have larger apartments, ranging from 140 to 240 square meters, and will offer custom apartments from 250 square meters and up – says Rafał Szczepański, Vice President of BBI Development S.A.
ZŁOTA 44 also provides an unprecedented offer of penthouses which feature unique, irreplicable layouts, and can exceed 1,000 square meters should a client desire a full floor residence. One of the most attractive apartments is a penthouse unit that is 400 square meters and stretches across the top three floors of the building, with breathtaking panoramic views of Warsaw overlooking the Palace of Culture, the Vistula and the Old Town.
Prices reflecting the quality
BBI Development S.A. and Amstar have set new prices for apartments at ZŁOTA 44, which reflect the quality of the offer and current market trends.
The “all inclusive” prices include the purchase price of the apartment, the luxurious interior finishes and taxes. The price also includes a share in the joint ownership of all the recreational areas in the building.
– The average “all inclusive” price per square meter of an apartment in ZŁOTA 44, one of the most luxurious residences in Central and Eastern Europe, is 28,000 zł psm. It is worth noting that each apartment is unique, and therefore the apartments are all priced individually – says Jeffrey E. Stonger, Vice President of Amstar. Depending on the location, size, layout and finishing standard, the price per square meter ranges from 24K zł – 40K zł psm for the “all inclusive” package.
Buyers can learn more about the new ZŁOTA 44 offer during the upcoming Golden Week, a special week to introduce interested clients to the new offering. Between April 20-25, BBI Development S.A. and Amstar are inviting buyers to visit the ZŁOTA 44 model units and tour the building with dedicated sales specialists to learn more about the most luxurious residence in Poland.
ZŁOTA 44 – an unmatched lifestyle with the highest form of luxury
ZŁOTA 44 offers a multitude of luxurious services and amenities to accompany the lifestyle of its residents. Wine connoisseurs will have access to a cellar for professional wine storage, accommodating up to 10,000 bottles, complete with a tasting room. The eighth floor provides residents with 1,400 square meters of comfort and convenience through a mix of recreational and business amenities, which are designed to provide an unmatched living experience for those who call ZŁOTA 44 home. In addition to a 25-meter swimming pool (the largest private pool in Poland), a jacuzzi and a spacious outdoor terrace, the floor features entertainment and business amenities, which include a private cinema equipped with a golf simulator, a playroom for children, and professional conference rooms. Further relaxation is conveniently offered with massage rooms, a Finnish sauna, and a steam room. A dedicated concierge and professional staff will ensure the quality of services provided to the residents.
– ZŁOTA 44 means a completely new lifestyle – it redefines luxury living in Poland. No other building in Poland provides such an abundance of amenities of such exceptional quality – says Michał Skotnicki, President of BBI Development S.A.
Daniel Libeskind actively participates in the completion of the project
The new investors entrusted the design of the lobby to Daniel Libeskind. Upon entering the doors of ZŁOTA 44, residents will be greeted by a spacious, 6 meter tall reception area with an elegant and distinct character reminiscent of Daniel Libeskind’s innovative, world-class architecture.
– ZŁOTA 44 is exactly what I have designed and imagined. This applies to the building’s shape, the design of the facade, as well as the functionality inside the building – says Daniel Libeskind, the visionary behind ZŁOTA 44. He stresses that ZŁOTA 44 is a high-rise residential building which has been designed to meet and exceed the expectations of the residents.
Poland’s only energy efficient, triple-glazed façade was designed by Daniel Libeskind, with ultimate comfort and functionality in mind. This advanced technology provides every unit with maximum noise reduction, access to fresh air through automated window panels and energy efficiency, which will have a positive effect on the cost of air conditioning and heating. The entire building is designed with its own air filtration system to further improve the internal atmosphere for residents. To ensure the building incorporates the latest trends in urbanization and sustainable development, BBI Development S.A. and Amstar have also provided bicycle parking areas and electric car charging stations.
The building is being completed by two experienced partners – BBI Development S.A., a local real estate developer with a proven track record in luxury residential and high rise development, and Amstar, a global real estate investment manager with strong financial backing and significant international real estate development experience. Both companies have completed many successful residential development projects and provide the expertise needed to ensure the success of ZŁOTA 44.
Together with BBI Development S.A., we are proud to bring this project back to life. I have no doubt that our partnership with BBI will allow us to successfully complete ZŁOTA 44 and provide the Polish market with the luxurious amenities and services that have been offered in other major cities around the world for years – says Mr. Stonger, ensuring the financial stability of the investment.
BBI Development S.A. has successfully developed numerous projects in Warsaw, including Plac Unii – a high-rise office and retail building of a similar scale as ZŁOTA 44, and Rezydencja Foksal – an award-winning, luxury apartment building in the heart of Warsaw. Amstar has invested $4.9 billion in various types of real estate across the globe, and has acquired or developed more than 8,400 residential units.
Tomasz Andryszczyk, Primo Corporate Advisory
Tel. 501 070 377