Wind Rose on sale

Dom Development has begun to sell apartments in its Róża Wiatrów (Wind Rose) residential complex. The investment, located on ul. Łodygowa in Warsaw's Targówek district, is already under construction and is expected to be completed in the fourth quarter of 2009. The price per sqm will range from zł.6,400-7,820.

The Róża Wiatrów complex, designed by architectural firm ZIP Studio, will comprise four five-storey buildings developed around a courtyard. It will house 184 apartments, ranging in size from 30.5-120 sqm, while an underground parking lot will provide 175 single and 43 family (two-car) parking places. The courtyard will feature green areas as well as a playground. The whole investment will have a 24-hour security service.

"Due to its assets, the investment is an excellent offer for a wide range of clients. Full access to the city's facilities, good transportation and a comfortable architectural design make the Róża Wiatrów development a splendid place to live," said Jarosław Szanajca, president of the board at Dom Development. "This is one of the most interesting investments on the Praga side of Warsaw," he added.

Dom Development is the second-largest developer in Warsaw in terms of the number of flats delivered. It has existed since 1996 and entered the Warsaw Stock Exchange in 2006. At the moment, the company is developing projects whose total value amounts to zł.1.2 billion and which together will deliver 2,900 apartments to the market.

In the next few years, Dom Development is going to develop 12,000 units on plots which it has already secured. Another 11,900 apartments could be completed on plots currently subject to negotiation. In the third quarter of 2007, the company recorded a revenue of zł.674.6 million and its profit amounted to zł.157.5 million.