London-based boutique investment development firm St. Vincent Capital said it has recently completed the purchase of a major new manufacturing development in southern Poland. Through its development brand Osier Group, St. Vincent said it has taken full control of the Cross Point, Zory scheme in Silesia and has prepared a detailed master plan for what it says will be one of the region's largest industrial developments.
London-based boutique investment development firm St. Vincent Capital said it has recently completed the purchase of a major new manufacturing development in southern Poland. Through its development brand Osier Group, St. Vincent said it has taken full control of the Cross Point, Zory scheme in Silesia and has prepared a detailed master plan for what it says will be one of the region's largest industrial developments.
Cross Point is being developed on a 35 hectare site and now has outline planning consent for 112,000 m2 of light manufacturing accommodation, which is expected to increase to 140,000 m2 by completion. St. Vincent said the EUR 160mln development would be delivered in four phases, with the entire project to be completed by 2011. The first 9,290 m2 unit, developed speculatively, is actually now ready for occupation while further phases will be constructed on a build-to-suit basis.
King Sture is the exclusive agents for the team while RPS Burks Green is the project architectural firm, Skanska is serving as the contractor and Cyril Sweet is handling project management. The development will be managed by St. Vincent’s Osier Commercial unit. St. Vincent is active in commercial property development projects the Caribbean, Central Europe and the UK.
