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Stage III of Osiedle Przy Promenadzie project in Warsaw - Commencement of construction works and reservation of flats

On July 1st 2009 ERBUD SA, the General Contractor of Stage III of Osiedle Przy Promenadzie – was officially introduced into the construction site. This opened another stage of the housing project which gained popularity in Warsaw. Within the project, as many as 235 flats have already been released for occupancy, with 384 more flats to be completed on September 7th.

The sale and reservation of flats and retail units have also begun. The project anticipates building 90 flats having a total area of 32 to 125 m2 , 6 retail/service units of 44 to 78 m2, 177 parking lots and 55 m2 for residents’ storage rooms. 80% of the flats meet the space-based requirements of the government scheme "A home of family’s own" – (Rodzina na Swoim). The flats were designed so as to enable their free arrangement in line with the buyer’s wishes, e.g. 36 square-metre flats can have one or two rooms, and 55 – 60 square-metre flats can have three rooms. Completion of the project is scheduled for Q1 2011.