Turning sods in Saska Kępa

Sabe Investments is now selling apartments in its Rezydencja Saska development. The estate will ultimately have 161 flats, which will vary in size from 33 sqm to 170 sqm.

In the 1990s the land plot of this investment belonged to the Wartpol company, which was related to Fri-Dom. In 1998 the plot, located at the junction of ul. Meksykańska and Saska, was sold to Budexpans Holding, which in 1999 started construction of a residential building. However, the investment stopped as soon as the foundations were laid, and now both companies are bankrupt. Finally, Sabe bought the plot in a tender for zł.6.6 million.

The new investor wants to break with the past and its first move will be to undo any work that has already gone into the plot. "We will start the construction with demolishing the foundations. We do not want to be responsible for something we have not built ourselves," said Wojciech Bojar, president of Sabe Investments.

Rezydencja Saska was designed by Project studion, which is headed by Leszek Klajnert. The building will consist of seven staircases with one to four flats on each floor. Prices will vary from zł.5,000 to zł.8,000 per sqm and the housing estate will be completed in the second quarter of 2007.