Fadesa fast forwards on phase II

Ostoja Wilanów is the first common venture of the Spanish Fadesa and Prokom Investments and is worth some zł.190.8 million. The project is directed at Polish customers and foreigners from Spain, Britain, and Ireland, who are showing an interest in the project. "We expect a rapid growth due to the growing demand for new flats, but also due to the growing wealth of society," said the president of Fadesa, Manuel Jove Capellán.

Ostoja Wilanów is one of the largest residential investments within the Miasteczko Wilanów scheme. It will consist of 1,900 flats of mid and high standard, including apartments and penthouses. The whole complex will have a low density level, the highest buildings having four floors. Some 7.9 hectares of the total 17.4 hectares has been designated for green areas.

The total area of the flats that will be built in the project is 200,000 sqm. The apartments, whose size is from 39.2 to 146 sqm, are being sold for zł.4,900 to zł.8,000 per sqm. Customers can have a look at the fully furnished model of their future flats in the 800-sqm sales office.

The investor behind Ostoja Wilanów is Fadesa Prokom Polska, in which the Spanish firm is the major shareholder (51 percent). In 2005 Fadesa one of the biggest construction companies in Spain, in 2005 Fadesa achieved total revenues of EUR 977.4 (zł.3,868) million. A 49 percent share in the Polish-Spanish venture belongs to Prokom Investments, a company controlled by one of the richest Poles, Ryszard Krauze. Prokom Investments, which is the strategic investor in companies such as Prokom Software, Bioton and Polnord, is the coordinator of the Miasteczko Wilanów project. Fadesa and Prokom plan further investments in the largest cities of Poland.