Ripe for the picking

Warsaw-based developer Dom Development has started selling apartments in its Osiedle Winnica (Vineyard Estate) residential project in the capital's Białołęka district. Located between ul. Modlińska and ul. Leśnej Polanki in the quickly developing Tarchomin area of the district, the scheme will comprise a total of 840 units that will be delivered in four phases.

The total value of the investment will amount to zł.355 million.

"We have decided on another project in Tarchomin as we have observed considerable interest from buyers in that part of Warsaw. Our existing residential projects in Tarchomin have earned a good reputation among clients and I am convinced that the new project will also be received with interest by those who appreciate the proximity of beautiful recreational areas and easy access to the city center," said Jerzy Bieniewski, a sales and marketing director at Dom Development.

The first phase of Osiedle Winnica will comprise three buildings of five- to seven-storeys, in which 214 units, ranging in size from 32.3-106.8 sqm, will be delivered. The price of turnkey-standard apartments will range from zł.7,120-8,320 per sqm, while the price of underground parking spaces will amount to zł.27,000. The first apartments in the Osiedle Winnica project, for which Erbud has been selected as the general contractor, are scheduled for completion in Q1 2010.

Primarily focused on the Warsaw market, Dom Development is currently developing over 2,700 residential units, whose total value amounts to approximately zł.1.7 billion. The company also has approximately 7,400 more apartments and homes planned, the value of which amounts to around zł.3.9 billion.

Dom Development recently launched its Osiedle Oaza project in Wrocław, the firm's first investment outside the capital.