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Busy year for Ronson

At the end of 2004 the developer completed its first investment in Warsaw, while three others are currently underway. At the same time, the company has announced that it plans to start even more new investments this year.

At the moment Ronson is constructing three investments that altogether will deliver more than 260 apartments in Warsaw when they are finished this year. At the end of December, the company completed the eight-floor Pegaz building in Wyścigi, near the horse racetrack. The Twój Biały Dom development in Ursynów will be completed in April, while the first stage of Lazurowa Dolina in Warsaw's Bemowo district is planned for September.

In the second quarter of 2005 Ronson is planning to start construction of a housing development on Gwiaździsta in Bielany, another stage of the residential estate on Lazurowa and another development in Wyścigi. During the second half of the year the company is also planning to begin construction of a residential investment on a recently acquired plot in the center of Warsaw.

Ronson Development Group has been present on the Polish market since 2000. The company belongs to a consortium that includes U. Dori and I.T. International Theatres. Ronson is also planning further investments in other Polish cities.
M.L.

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