Stellar undertakings

Stellar Polska has begun construction of its Ogrody Grabiszyńskie project in Wrocław. The residential/office complex will be located at the intersection of ul. Hallera and ul. Grabiszyńska, some 25 meters from Grabiszyńskiego Park. The project is scheduled for completion in Q4 2008.

Ogrody Grabiszyńskie will feature three six-storey buildings and one seven-storey "gallery" building, and will offer 306 apartments of between 40 and 100+ sqm. Several penthouse apartments will also be available, featuring 46-sqm terraces that look out onto the surrounding wooded areas. All residences are outfitted with air conditioning.

"We're offering our clients high-quality apartments where residents can enjoy an array of shopping options and open areas to play and walk," says Magnus Mannesson, a member of the board at Stellar. "In addition, the location has excellent connections to the city center and main roadways."

The investor is also planning another mixed-use building on the property, which will provide approximately 3,000 sqm of commercial space for lease. Currently, the complex offers a number of retail spaces between 75 and 260 sqm for sale. The complex will be gated and monitored for full security.

Stellar Polska, the Polish subsidiary of Seattle-based Stellar Holdings, has been operating on the Polish real-estate market since 2004.