Focusing on Warsaw

Since the company’s arrival in Poland, it has already invested PLN 150 mln of equity in land purchases. The company’s next project is to be Kompozycja Residence, with work to begin in February on ul. Wilanowska in Konstancin near Warsaw. The estate, which should be completed within one year, will comprise 18 semi-detached luxury residences and is to be developed in an investment app. of PLN 15 mln. Each unit will offer a net area of 160 sqm as well as a garden, two underground parking spaces and storage facilities. Prices for the units start at PLN 1.2 mln. Currently negotiations are ongoing to choose the general contractor. The company has also just completed the first stage of its InCity project on ul. Siedmiogrodzka in Warsaw, which should eventually total 483 units and is to be developed in four stages, all of which are being constructed by Unibep. All but 14 apartments in the first stage of 164 units have been sold and at an average price of PLN 8,600 per sqm. On com