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Another investment in Wrocław – preliminary contract

We are pleased to inform that on July 21st 2011 LC Corp entered into a Preliminary Contract for purchase of the land located in Muchobór Wielki in Wrocław. The area of 3.4 ha is covered by a local land development plan.

Four multifamily residential buildings will be constructed on the plot. The final building permit has been issued for the project. As of now the design is being modified and adjusted to current market requirements. As a result of the amendments ca. 600 flats will be designed to occupy total floor space of 33 000 m2.

The first stage of the investment is estimated to start at the turn of 2011 and 2012.