Mill-Yon makes its move

With over 60 percent of apartments sold, Mill-Yon's Aura Park residential complex is proving successful. Now, the company is looking around to Tri-city, Kraków and Wrocław for new plots.

"We've been here for only a year and we are looking around," says Yael Rothschild, architect and project coordinator at Mill-Yon. "We have recently bought an attractive one-hectare plot near the Motława river in Gdańsk and we are planning 350 apartments with a nice view of the Old Town and a lot of greenery around. We have already spotted plots in Kraków, Wrocław and Leśna Wola in the suburbs of Warsaw," Rothschild adds. "In the suburbs of Warsaw Mill-Yon wants to construct terraced family houses of about 130 sqm." She also said that the company is on the verge of buying a plot in the center of Kraków where it is planning apartments.

Mill-Yon's mother company in Israel develops hotels, so the company is also considering constructing a hotel, especially in Kraków, where the number of tourists is significant. "Kraków is the place to build a hotel. I think my company is interested in other businesses in Poland and we'll see what will happen with the apartments in Kraków," says Rothschild.

Construction is currently in progress on the first stage of Aura Park in Warsaw's Wilanów. Work was launched half a year ago, and now over 60 percent of the flats have been sold. The next three stages will begin in March, July and October, once the developer is granted a building permit. The whole project is scheduled for completion in mid-2009. The prices range between zł.6,000 and zł.8,000 per sqm.