Atlas cashes in on Capital Art

London Stock Exchange-listed Atlas Estates, the developer behind projects such as the Hilton Complex, Platinum Towers and Nowy Żoliborz, is constructing a residential complex located on ul. Giełdowa in Warsaw's district of Wola. The first stage of the project, with 219 apartments, is scheduled for completion by June 2008. The company managed to sell all the first-stage apartments just three months after they went on sale.

"Due to the high interest in the apartments within the first stage of the project, we are going to launch the reservation process of the second stage in March 2007, earlier than we previously planned," says Wanda Dzikowska, sales and marketing manager at Atlas Estates.

The second phase will include a 17-storey building with total space of 10,500 sqm and containing 179 apartments. The majority of these will be two-room apartments up to 55 sqm. The top floors will have large apartments of up to 165 sqm and three-meter high ceilings.

According to Dzikowska, the carefully designed green spaces will provide peace and quiet for those who seek serenity in the bustling city center. Children will have access to a playground.

In total, Capital Art Apartments is a residential complex comprising five buildings located on a 17,500-sqm site. The complex will include 900 apartments of between 30 and 165 sqm. The top floors will host large terraces of up to 70 sqm. Residents of the apartments located on the ground floor will have private gardens. The whole complex will be adapted to the needs of the disabled.