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The Warsaw Voice » Real Estate » February 25, 2011
The Real Estate Voice
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February 25, 2011   
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The Military Property Agency (Agencja Mienia Wojskowego) has been supporting the modernisation of the Polish Armed Forces since 1996.

A specialised institution supervised by the Polish Ministry of National Defence, it manages both movable and immovable property owned by the Polish State Treasury. Ninety-three percent of the Agency’s proceeds from the sale of property not longer needed by the military is paid into the Armed Forces Modernisation Fund. The Agency has already paid more than LN 1.2 billion into the Fund. It pursues a consistent property sale policy and still has a large number of attractive properties for sale to be developed and used in a creative and modern way. The Agency’s activity in the real estate market is perfect evidence that property no longer needed by the military can be an attractive and profitable investment.

The Military Property Agency offers a varied range of properties. The Agency manages properties located in virtually all parts of Poland. They vary in size, the type of buildings located on them and the intended use. From vast areas previously used as military airfields or for barracks, storage rooms, to attractive properties located at the junctions of major roads, in holiday resorts and in the entres of large towns and cities. The properties managed by the Agency include real “gems”, such as the Citadel in Modlin Stronghold, a plot of land on the Hel Peninsula and another one in Graniczna street in Wrocław, plus guesthouses in the towns of Szklarska Poręba and Karpacz, or the excellently located island of Kępa Mieszczańska on the River Odra in Wrocław.

A large part of the Agency’s properties stand out with their unique and historic character. Many of the properties are old, historic buildings with interesting and original architecture, which can be adapted not only for residential purposes, but also as venues for conferences or as tourist and recreation centres. In addition to being aesthetically pleasing, they come with an obligatory 50% price reduction for the fact that the properties are classified as listed buildings. This significantly improves their chances of changing hands.

The Agency’s properties are available not only to large entities actively in the marketplace, but also to smaller enterprises and individual investors. The Agency keeps up-to-date with the latest trends and is ready to suit its offers to market requirements. The Agency’s flexible and pragmatic market approach takes into account the reality of the marketplace. This is reflected in the Agency’s policy of dividing its properties into smaller parts or leasing out its properties. Also, the Agency works with local government authorities in preparing zoning plans to encourage the development and modernisation of the local areas.
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