We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » May 31, 2012
Agricultural Property Agency
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Poland: A Good Place to Invest in
May 31, 2012   
Article's tools:

Message from Leszek 安i皻och這wski, president of the Agricultural Property Agency:
Despite the global economic crisis, Poland is an attractive location for new investment projects because it is one of the few countries that have made it through the crisis relatively unscathed. At the MIPIM fair in Cannes in March, Warsaw proved to be the second most attractive destination for new projects in Europe, right after London. Poland as a whole is appealing as well, not only because of its central location in Europe.

The state-run Agricultural Property Agency has the largest volume of attractive real estate for sale in Central and Eastern Europe, totaling almost 100,000 hectares of land ideal for new projects. Land offered by the Agricultural Property Agency is well located and has regulated legal status, and the procedures for buyers are clear. Companies which have purchased property from us so far include major corporations such as General Motors, Sharp, LG, Toyota, Michelin, Electrolux, Isuzu, Viessmann, and Ikea.

Businesses interested in buying land from the Agency can have their payments spread out in installments in the case of bidding procedures if the bidding process is repeated after nobody won the first time around. The price can be split into yearly installments, but the first installment cannot be lower than 50 percent of the total price and the payments must be made within a maximum of five years. The interest rate currently stands at 5.91 percent.

I am confident that our highly diversified and extensive selection of land available for sale will encourage all those interested to find out more about what we have on offer. I hope that apart from being a magnificent sporting celebration, the upcoming European Soccer championships will present an opportunity to stimulate new investment projects in Poland.

Historic Buildings Wait for Buyers
After state-owned farms were closed down in Poland, a total of 2,327 properties listed as historic buildings and complexes were taken over for management by the Agricultural Property Agency (ANR). The agency still manages 770 of these facilities and 60 of those are intended for sale. At present, the Agricultural Property Agency has 30 buildings for sale, including palaces, manor houses and farm buildings, mostly in western and northern Poland. Ideal as locations for hotels and spa centers, these properties can also be converted into centers for leisure activities and sports such as horse riding. Since they are located close to major transportation routes, they can also serve as conference centers.

Buyers of historic buildings and real estate who choose to work with the historic conservation officer on renovating the purchased property can expect to be granted a 50-percent discount on the negotiated price. The historic conservation officer identifies what needs to be done to restore the property to its former splendor and the buyer must make the necessary efforts within five years. If the buyer fails to invest at least the equivalent of the deducted amount over that time, then within 30 days after the deadline the amount specified in the contract with the Agency has to be paid back to the Agency with interest.

Ever since Poland joined the European Union in 2004, bidding processes for the purchase of non-agricultural real estate, including historic buildings and property, have been open to both Polish citizens and foreign nationals to take part in. Such property is sold through bidding procedures where starting prices range from several thousand to several million zlotys. The prices are always set by independent real estate experts.

Real estate put up for sale by the Agency includes a 17th-century palace and park complex in Lubinicko, Lubuskie province (pictured). The price is zl.4 million.

Visit the website of the Agricultural Property Agency for further information on historic real estate for sale complete with lists and dates of upcoming auctions.

© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE