Globe Trade Centre's luxury homes project

Yesterday, a cornerstone was laid to initiate the second stage of Osiedle Konstancja in Konstancin-Jeziorna. The investment, which is valued at $20 million, is being realized by GTC's subsidiary GTC Konstancja. Property prices in Osiedle Konstancja will range between $200-500,000. GTC representatives are optimistic and do not fear that the project will lack customers, "The investment will be completed by summer next year. About a quarter of the houses offered have already been sold," stated Mariusz Kozłowski from the GTC board and reminded that the first part of the Konstancja investment is sold in 97%. Most of GTC's revenues come from leasing office and commercial space. Its activities on the housing market constitute around 10% of its annual sales. (Parkiet, p. 6) E.B.