A happy home
ROBYG has announced the completion of the first phase of its Szczęliwy Dom (Happy Home) development in Warsaw's Ochota district. The next two phases of the project are to be completed in Q4 of this year and Q1 of next year, respectively. The entire project will comprise three eight-storey buildings of 300 apartments within a gated complex by mid-2008.
Szczęliwy Dom is located near Szczęsliwice Park, a short distance from the city center and the Blue City shopping center on Al. Jerozolimskie. According to Oscar Kazanelson, CEO of Nanette, which holds a 47.5-percent stake in ROBYG, the gated complex will be a safe and pleasant place to live. "A playground is under construction on the property and all vehicular traffic will remain underground," said Kazanelson.
Currently, ROBYG boasts just over 10,000 residential units in its Polish development pipeline, in Warsaw, Gdańsk and Wrocław. Its largest investment comprises two major projects within Prokom Investments' Miasteczko Wilanów development - Nowa Rezydencja Królowej Marysieńki and Osiedle Zdrowia.
Last Tuesday, ROBYG and Prokom announced the appointment of Zbigniew Okoński to the post of board president board at ROBYG. Okoński previously served as vice president of the board at Prokom Investments. In the coming months, Prokom's real-estate assets in Wilanów are soon to be transferred to its Polnord subsidiary, along with a 100-percent stake in Prokom Investments' projects and its minority stakes in several ROBYG investments, as per an agreement signed early this year.
