Vantage Development moves outside Wrocław

Developer Vantage Development had purchased a plot of 0.76 hectares in Warsaw’s Mokotów district designated for residential development. The developer wants to build an estate comprising 300 apartments with retail/service functions. This will be the firm’s first development on the Warsaw market. Thus far it has concentrated its activity in Wrocław. The development will be divided into two phases, each offering 150 units. The first stage will be launched in Q3 2015 and completed in Q4 2016. The second one is scheduled to start in Q1 2016 and delivered in Q2 2017. “We are now selecting the architect and general contractor for the investment. We are also still researching the market looking for attractive real estate to buy, including in locations outside Wrocław, as per our strategy of geographic diversification. We are focusing on the residential segment,” said Dariusz Pawlukowicz, director and member of the management board of Vantage Development.