Miasteczko Regaty on sale

WSE-listed Dom Development has started selling apartments from the third phase of its Osiedle Miasteczko Regaty residential development in Warsaw's Białołąka district. The six-stage investment is valued at zł.335 million.

Once completed, it will comprise more than 1,400 apartments in 17 three-storey buildings as well as two buildings hosting shops and service outlets.

One of the main highlights of the residential complex is its proximity to the Zalew Zegrzyński reservoir, which features abundant green areas for recreation. Osiedle Miasteczko Regaty will also feature direct access to Þerański Canal, which connects Zalew Zegrzyński with the Vistula River.

"We have seen that the majority of people who decide to buy apartments in Regaty are young couples who are attracted by its high standard, natural surroundings and well-planned public transport links with downtown Warsaw," said Magdalena Budnik, a marketing manager at Dom Development.

The third stage of the project will deliver two three-storey apartment buildings featuring 166 apartments sized from 33 to 119 sqm. Price per sqm is set from zł.6,180 to zł.7,450, depending on the size and location within the building. The third-phase apartments, which will feature spacious balconies overlooking Þerański Canal, are scheduled for completion in the second half of 2009.

Białystok-based Kalter is the general contractor for Osiedle Miasteczko Regaty project.

Dom Development is mainly active in the residential development market. The company is currently realizing several apartment-building projects whose total value amounts zł.1.4 billion. The firm has around 8,000 apartments and houses, worth around zł.3.6 billion, currently in the planning stage. The firm is also in negotiations for the purchase of land to host a further 9,500 residences.