k Kronos R E A L
E S T A T E
Index Index Introduction
4
Why Poland
6
Real Estate Sector in Poland
10
International Architects
14
Kronos Kapital Portfolio
16
Domaniewska Office Domaniewska
20
Domaniewska Ambassador Office Building
22
Domaniewska Office Building A
23
Domaniewska Office Building C
24
Domaniewska Office Building D
25
Domaniewska Office Building E
26
Domaniewska Office Building F
27
Domaniewska Office Building G
28
Domaniewska Office Building K
29
Domaniewska Residential Domaniewska
32
Domaniewska Residential Building H1
34
Domaniewska Residential Buildings I
35
Domaniewska Residential Buildings J
36
Z ą bki Residential Ząbki
40
Grójecka Avenue Lutniowa Residential Building
46
4
Introduction Nowadays Poland is the fastest developing region in the Central Europe, with a population of 38 million people, an economic growth of 3,8%, an inflation rate of 2,6% and an unemployment rate of 12,3% in 2010.. Gross Domestic Product: Poland is the only country in Europe to have avoided recession in 2009, with the economy growing 1,7% that year, consolidating the continuous growth of the Polish economy at higher levels than the rest of European countries since the year 2000. Economic growth for 2010 reached the level of 3,8%. Inflation: The inflation rate, as well as in the rest of European countries, has increased since the 2nd half of 2007. Nevertheless, it has been kept under control and the year 2010 finished with an inflation rate of 2,6%. Unemployment: After having the highest unemployment rate in history of more than 20% in 2002 and 2003, since then the unemployment rate has been lowered to a rate of 12,3% in 2010, with a slight increase of less than 3% during the last two years of global economic crisis. If we mention the specific case of the city of Warsaw, the unemployment rate is lower than 3,5%.
2002
2003
2004
2005
2006
2007
2008
2009
GDP. billions PLN
808
843
924
983
1060
1176
1275
1.343
Economic growth
1.4
3.8
5.3
3.2
6.1
6.6
4.8
1,7
3,8
20.0
20.0
19.0
17.6
14.8
11.4
9.5
11,9
12,3
1.9
0.8
3.6
2.1
1.0
2.5
4.2
3,5
2,6
Unemployment Inflation
2010
Source: NBP. GUS. Ministry of Finance
5
Strong Economy Strong Polish economy is the best guarantee of the value of investing in Poland. GDP grew by 1,7% in 2009 and by 3,8% in 2010, which is the best result from amongst the new EU member states, being the only country in the EU to have avoided recession during 2009. The favorable picture of the Polish economy is also influenced by inflation, or rather the fact that it is kept under control. A low rate of inflation has been noticeable since the early 1990s. Another result of the positive economic changes is the falling level of unemployment.
6.6 6.1
GDP growth in years 2000-2009 (%)
4.8
5.3
Forecast
5.0
4.1 3.8 3.2
1.1
Source: Ministry of Finance
6
2000
2001
1.4
2002
2003
2004 2005 2006
2007 2008
2009
Why Poland
Strategic Location Poland is located in the centre of Europe. The location at the junction of the East-West and North-South communication routes is a guarantee of success in business. This process has been strengthened by Poland’s EU entry in 2004. Poland is situated just in between the wealthy consumer markets of Western Europe and the dynamically expanding Eastern European markets, being the natural bridge between Germany and Russia. Polish Governement, being aware of its strategic location, has launched the Nacional Program of Highways, according to which 6.470 kms. of highways will be built in the following 18 years.
Large Domestic Market Between 2004 and 2007, 12 new countries entered the EU. Poland’s citizens form almost 37% of the total number of residents of these countries. Poland is attractive for investors for many reasons, but top of the list is its domestic market with 38 million consumers. Polish citizens form more than one third of the citizens of the new EU member countries, with its position being strengthened year after year by the rapid economic growth and the increases in salaries. Every year Poles can afford more and more luxuries in the sphere of goods and services. All this shows that investments in Poland are profitable primarily due to the very large domestic market. Furthermore, within a radio of 1.000 km. you can have access to 250 million consumers with high purchasing power. Countries like Russia, Germany or Czech Republic are neighbouring Poland.
Every third citizen of the new EU countries lives in Poland 36.9 %
Poland Other new EU States
63.1 %
GUS, 2007
7
Human Resources -- Young and high educated work force: 20 million Poles speak at least one more language apart from Polish. -- 65% of total population in Poland is in working-age. -- There are 2 million students in Poland. -- Very high technical schools, with more than 55.200 students in technical and scientific schools and with more than 455 specialized schools.
Funds from the European Union Between 2007 and 2015 Poland will jointly receive over 67.000 million EUR from the EU’s budget, being Poland the EU’s largest recipient of funding. These funds are intended to raise the economic competitiveness, among others, through a thorough transport infrastructure reform. The EU grants may be allocated to projects from virtually all sectors of the economy. Poland is scheduled to be the largest beneficiary of EU funding in the coming years.
Future plans One important point to outline is the future plans for Poland. The government of Poland has the target of joining the euro currency in the year 2012, which will result in an increase of domestic prices and in a better accessibility of foreign markets. Also, Poland will host in the year 2012 the Football Euro Cup together with Ukraine, giving as a result a boom in construction as the country needs to be prepared for this event with new infrastructures and facilities, with new roads, hotels and services. On the other hand, a new plan for High Speed Train has been approved, according to which new High Speed Train lines will be joining Warsaw, Poznan and Wroclaw by the year 2014.
8
Why Poland
Future Perspectives for Poland until year 2015 Funds from the European Union: 67.000 million EUR from 2007 to 2015, divided into the following Operating Programs: • Human Resources (14.6%) • Economy and innovation (12.4%) • Infraestructures and Environment (41.9%) - • Development of the East part of Poland (3.4%) • Regional operating Programs (24.9%) • European Territorial Cooperation and Technical Assistance (2.8%) -- Total investments predicted for the construction sector (real estate + infrastructures) from 2009 to 2012: 38.000 million EUR. -- Special Economic Zones – fiscal incentives to investments until 2017. -- GDP – predicted growth of Polish economy in the following years, higher than in rest of EU countries. -- Civil Works predicted in Poland: EURO 2012 (stadium + hotels), cultural events, 2nd Line of metro in Warsaw, new highways, new airport, new High Speed Train, etc... -- Increase of Purchasing Power – decrease of unemployment from 20% (2003) to 12.3% (2010). -- Increase of salaries higher than 7% annualy since 2003. -- Joining the EUR currency expected in 2012.
9
10
Real Estate Sector in Poland
One of the strongest sectors in the Polish economy is the Real Estate sector. According to Polish and foreign analysts, Poland will be the main land of construction in Europe during the following years. And this is due not only to Real Estate sector, but also due to Public Works, which will invest great amounts in new infrastructures. It is estimated that 35.000 million EUR will be invested until year 2013, most part of it will be financed by European Union funds. During 2007, Poland has proven that it is an important recipient of capital from the global real estate investment market.
ResidenTial investments The real need of apartments in Poland is, according to official statistics, 1.500.000 units, what have made many investors to put their attention to this market, mainly in cities like Warsaw and Krakow. The residential market in Poland seems relatively mature compared to other countries in EU. The year 2008 saw the best building output performance in Poland in several years, and the number of completed apartments and houses exceeded 165.000, keeping the same tendency in 2009. The year 2010 saw a slight decrease with 140.000 apartments, but still a high level of units completed despite the world economic downturn, even higher than in the year 2007 before the crisis. Warsaw definitely remains the largest residential market in Poland. Not only is Warsaw the capital city of Poland in administrative terms, it is the country´s genuine economic and scientific hub and important transport interchange, both countrywide and on a Central-European scale. Official statistics has it that the population of Warsaw is around 1.7 million. In reality, however, there is an additional several hundred thousand people living in Warsaw but not registered as residents, and yet another large population group inhabit the Warsaw Metropolitan Area, outside the city´s administrative limits. Housing demand stands on is strong foundations locally. Warsaw´s demographic condition definitely favours demand for housing. Year after year subsequent age groups of the second population boom are starting their professional lives. There are nearly 450.000 Varsovians aged between 20 and 35. Moreover, young people coming to Warsaw in pursuit of higher education or a good job are adding to the pool of prospective apartment buyers. The condition of the local labour market is still very good. This is evidenced mainly by the increased number of people employed and the decrease in the unemployment rate in Warsaw to below 4%. Some of the events of the Euro 2.012 being organized in Warsaw may encourage the development of its municipal infrastructure. The local authorities have promised prompt construction of the underground´s second line, as well as major investments with regards to rail and air transport.
11
12
Real Estate Sector in Poland
Offices In 2007, the demand of office space in Warsaw increased by 20%, resulting in a drop in office space vacancy and in a rise of rents. After a period of uncertainty during the economic crisis, since the beginning of 2010 the demand of office space is again on the rise together with an increase of the rent levels. According to market analyses a significant volume of the demand for offices comes from the financial sector, but the production sector and advisory services are also very interested in expanding their space. In these circumstances, new tenants are willing to sign lease agreements for larger office space bearing in mind the future expansion of their business and that they are ready to accept rising rents and smaller incentives. Office stock in Warsaw grew by 269.000 m2 in 2009 to almost 3,25 million m2. New deliveries in 2010 added a further 185.000 m2. Non-central districts continue to deliver most of the supply, with Avenue Jerozolimskie and the district of Mokotów accounting for over 75% of the completions planned for 2008 and 2009. As a result of healthy demand during the last few years, the vacancy rate is now at the level of 7,3% and will reduce during 2011 to 6,8%. Many companies, especially those looking for a large amount of space, are securing leases 2-3 years before their current lease expiry date. Prime headline rents in the city centre are stabilizing at the level of 30 EUR/m2/month after substantial growth in 2007, with rent levels at the level of 16 EUR/m2/month outside the city centre. Market Trends in Office sector -- Yield rates will continue to remain stable around 6% - 7% -- Excellent recovery on the occupational market –strong take-up -- Growing interest in Poland as target of location for new companies -- Increasing number of forward purchase transactions for properties to be completed in 2-3 years due to the strong competition on the market and limited supply
13
ESTUDIO LAMELA
APA Kuryłowicz & ASSOCIATES
Estudio Lamela, managed by Carlos Lamela, is one of the largest Spanish architectural firm, having an impressive past of over 50 years of intense professional experience and over 1500 projects.
Today, it is the most renowned and titled architectural company in the country. It employs 80 experienced architects in offices in Warsaw and Wroclaw.
Estudio Lamela is a reference in most fields of architectural activity, such as transportation, sports, offices, residential, urban planning, health and hotels.
The studio can boast many prestigious realisations in the whole country. It has experience in designing investments of every size and function.
Currently the company is staffed by a flexible and dynamic team of more than 100 professionals who work together with the main experts in each field, creating cross - disciplinary teams committed to the development of major projects and an ongoing search for innovative techniques with the objective of achieving avant-garde results and top architectural quality.
Throughout the time of its activity, the studio has gained the reputation of a reliable partner, able to present solutions of the highest quality within the fixed time and budget. Besides standard and complex architectural services, the company also offers counsel and support regarding advertisement and investment promotion. The quality of the solutions delivered by the company has been awarded many times both in Poland and abroad. But the biggest prize is the rich portfolio of satisfied customers. Many of which have been co-operating with us for many years.
14
International Architects
Andrzej M. ChołdzYnski
MKC Architects
Born in 1960 in Lublin, Poland;
We are an architectural office which is active since 1999. The main architects in this office, and at the same time owners of the company, are Mr. Marek Mierzejewski, Pawel Kasprzycki and Robert Czaplicki, together with the Engineer Mrs. Teresa Mierzejewska. We are members of the Polish Chamber of Architects and we are also members of the Polish Chamber of Urbanists.
Works and lives both in Paris (France) and Warsaw (Poland) since 1996. Post graduate studies in Theory of Architecture at Ecole d’Architecture of Paris - Villemin, France; 1989-1993. Graduate in Architecture at Technical University of Cracow, Poland, November 1988. Master Degree, Engineer & Architect; Studies of architecture at Ecole d’Architecture Paris la Seine, France 1983- 1985. Studies of French civilisation and culture - Université de la Sorbonne, Paris, France, 1982-1983; Studies in Architecture at Technical University of Cracow, Poland - till 1982. 2000 - Knight of Polonia Restituta Order.
We employ more than 30 architects. At the same time, we cooperate with experienced external specialists to ensure a complete range of service in our work. We feel proud of having designed several renowned projects. Our designs are well known due to the high quality of our architectural solutions and for the use of modern techniques and materials. We are very proud to say that we have been awarded several times, with the following prizes among others: 1st place in the tender and further execution works of the Town Hall of the city Konstancin-Jeziorna, 2nd place in the National Tender of the Concert Hall and Library of the Music Academy Karol Szymanowskiego, in the city of Katowice. 15
Kronos Kapital Portfolio Kronos Kapital has both office and residential developments in his portfolio:
DOMANIEWSKA Z ą BKI LUTNIOWA Aksamitna
Białołęka ZąBKI
Ząbki
bielany targówek Źoliborz bemowo
praga plN. e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE ochota ursus
Lutnoiwa włochy
Aksamitna
wawer
mokotów
Domaniewska wilanów ursynów
Domaniewska Office
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus włochy
Domaniewska ursynów
20
wawer
mokotów
wilanów
Domaniewska
Domaniewska street is the key location of the investments of Kronos Kapital. It is situated in the district of Mokot贸w, a very well known district in which many residential and office buildings are being developed. Mokot贸w is the main office district in Warsaw, with most of the modern A class office buildings being here, and with quick connection to the city centre and with the airport through public transport like metro, bus and tram, and with access to many services like hotels, shopping centers, restaurants and leisure centers.
J1
J2 C
I1 E
I2
I3
Number of Buildings
H1 G
A Ambassador
D
F
K
8
Area of land
89.000
Area of offices
106.982
Area of retail
39.343
Total area of building
146.325
Parking places
3.659
Kronos Kapital will develop in Domaniewska street office buildings (buildings A, C, D, E, F, G, K and Ambassador)
21
Ambassador Office Building
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
J1
wilanów
ursynów
J2 C
I1
I2
I3
H1
E
G
D
F
A Ambassador
Ambassador office building has a total of 15.467 sqm of usable area, with 1.016 sqm of retail area on ground floor and 14.447 sqm of office area in floors 1 to 11. It has a total of 299 underground parking places. BASIC INFORMATION Area of land Area of offices Area of retail Total area of building Parking places
22
3.600 sqm 14.447 sqm 1.020 sqm 15.467 sqm 299 units
K
Office Building A
J1
J2
I1
C
I2
I3
Office Building A is office building connected through the retail area, at the west side of Ambassador Office Building. This building has a total of 14.250 sqm of usable area, with 4.493 sqm of retail area on ground floor and 30.000 sqm of office area in floors 1 to 12. It has 469 underground parking places.
H1
E
G
D
F
A Ambassador
K
BASIC INFORMATION Area of land Area of offices Area of retail Total area of building Parking places
4.375 sqm 14.250 sqm 4.493 sqm 18.743 sqm 469 units
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
wilanów
ursynów
23
Office Building C
J1
J2
I1
C
I2
E
I3
Office Building C is a single office building with a total of 9.563 of office area, 2.222 sqm retail area and 295 parking places. It is located at the north of Ambassador Office Building.
H1 G
BASIC INFORMATION
A D
Ambassador
F
K
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
24
wilanów
Area of land Area of offices Area of retail Total area of building Parking places
1.222 sqm 9.563 sqm 2.222 sqm 11.785 sqm 295 units
Office Building D
J1
J2
I1
C
I2
E
I3
Office Building D has a total of 36.441 sqm of which 24.965 sqm are offices and 11.476 sqm retail area. It has 911 underground parking places.
H1 G
BASIC INFORMATION
A D
Ambassador
F
K
Area of land Area of offices Area of retail Total area of building Parking places
6.652 sqm 24.965 sqm 11.476 sqm 36.441 sqm 911 units
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
wilanów
ursynów
25
Office Building E
J1
J2
I1
C
I2
E
I3
Office Building E has a total of 17.797 sqm of which 13.111 sqm are offices and 4.685 sqm retail area. It has 445 underground parking places.
H1 G
BASIC INFORMATION
A D
Ambassador
F
K
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
26
wilanów
Area of land Area of offices Area of retail Total area of building Parking places
2.781 sqm 13.111 sqm 4.685 sqm 17.797 sqm 445 units
Office Building F
J1
J2
I1
C
I2
E
I3
Office Building F has a total of 29.619 sqm of which 21.410 sqm are offices and 8.209 sqm retail area. It has 740 underground parking places.
H1 G
BASIC INFORMATION
A F
D
Ambassador
K
Area of land Area of offices Area of retail Total area of building Parking places
4.555 sqm 21.410 sqm 8.209 sqm 29.619 sqm 740 units
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
wilanów
ursynów
27
Office Building G
J1
J2
I1
C
I2
E
I3
Office Building G has a total of 23.067 sqm of which 16.482 sqm are offices and 6.585 sqm retail area. It has 577 underground parking places.
H1 G
BASIC INFORMATION
A D
Ambassador
F
K
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
28
wilanów
Area of land Area of offices Area of retail Total area of building Parking places
4.057 sqm 16.482 sqm 6.585 sqm 23.067 sqm 577 units
Office Building K
J1
J2
I1
C
I2
E
I3
Office Building K has a total of 8.872 sqm of which 7.200 sqm are offices and 1.672 sqm retail area. It has 222 underground parking places.
H1 G
BASIC INFORMATION
A D
Ambassador
K
F
Area of land Area of offices Area of retail Total area of building Parking places
920 sqm 7.200 sqm 1.672 sqm 8.872 sqm 222 units
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
wilanów
ursynów
29
Domaniewska Residential
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
32
wilanów
Domaniewska
The district of Mokot贸w is very well known for its residential buildings, as it is one of the most prestigious locations for the inhabitants of Warsaw. Also, the strong development of office buildings in the area require further residential developments to accommodate all the workers who will be acting in this district. There are a number of schools, universities and shopping centers in the area, which together with a superb public transport makes this district one of the best locations for a residential investment. Number of Buildings
J1
J2 C
I1 E
I2
I3
H1 G
Ambassador
D
F
Area of land
89.000
Area of residential
22.442
Area of retail
15.132
Area of balcony
2.808
Total area of building
37.574
Parking places
A K
6
753
Kronos Kapital will develop in Domaniewska street residential buildings (buildings J, I and H1)
33
Residential Building H1
J1
J2
I1
C
I2
E
Residential Building H1 has a total of 6.775 sqm of which 3.997 sqm are apartments and 2.778 sqm is retail area. It has 316 underground parking places.
H1
I3 G
BASIC INFORMATION
A D
Ambassador
F
K
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
34
wilanów
Area of land Area of residential Area of retail Area of balcony Total area of building Parking places
1.531 sqm 3.997 sqm 2.778 sqm 586 sqm 6.775 sqm 136 units
Residential Buildings I
J1
I1
J2 C
I2
I3
E
Residential Buildings I have a total of 19.332 sqm of which 11.477 sqm are apartments and 7.855 sqm is retail area. It has 388 underground parking places.
H1 G
A D
Ambassador
F
K
INFORMACIÓN I1 Area of land 1.242 sqm Area of residential 3.531 sqm Area of retail 2.258 sqm Area of balcony 474 sqm Total area of building 5.789 sqm Parking places 112
I2 1.729 sqm 3.973 sqm 3.144 sqm 548 sqm 7.117 sqm 155
I3 1.349 sqm 3.973 sqm 2.453 sqm 500 sqm 6.426 sqm 121
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska
wilanów
ursynów
35
Residential Buildings J
J1
J2
I1
C
I2
E
I3
Residential Buildings J have a total of 11.468 sqm of which 6.968 sqm are apartments and 4.500 sqm is retail area. It has 230 underground parking places.
H1 G
INFORMACIÓN
A D
Ambassador
F
K
Białołęka Ząbki bielany targówek Źoliborz bemowo
praga plN.
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy
Domaniewska ursynów
36
wilanów
Area of land Area of residential Area of retail Area of balcony Total area of building Parking places
J1 1.237.5 sqm 3.484 sqm 2.250 sqm 350 sqm 5.734 sqm 115
J2 1.237.5 sqm 3.484 sqm 2.250 sqm 350 sqm 5.734 sqm 115
37
ZÄ…bki Residential
40
Z ą bki
Białołęka Ząbki bielany targówek Źoliborz
praga plN.
bemowo
e ci eŚ mi ód Śr
wola
Ząbki rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy wilanów ursynów
Ząbki is a district located at the outskirts of the city of Warsaw, known as the “Garden City”, as it is next to a big forest and green areas. It is also very close to the future ring road of the city. It is characterized for its residential developments of low price apartments, which makes it suitable to develop a product for those who cannot afford to buy an apartment in the city centre, or to those who need to change to a bigger apartment but with a limited budget. This location also counts with excellent public transport, as the Commuting Train Station is reachable at a very short distance from this investment. Apart from this, there are many bus stops which link this location with the city centre of Warsaw. Number of Buildings Area of land Area of residential Area of retail Area of balcony Apartments Total area of building Parking places
32 34.502 sqm 51.500 sqm 5.000 sqm 3.552 sqm 888 units 56.500 sqm 1.280 units
41
Z ą bki 1 phase
this is the first implementation phase of a total of 8 that comprise the complete development of Ząbki. Białołęka Ząbki bielany targówek Źoliborz bemowo
e ci eŚ mi ód Śr
wola
praga plN.
Ząbki rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
wawer
mokotów włochy wilanów ursynów
42
BASIC INFORMATION Area of land Area of residential Area of retail Area of balcony Apartments Total area of building Parking places
5.572 sqm 5.934 sqm 1.728 sqm 1.700 sqm 100 units 7.662 sqm 154 units
Z ą bki
43
Gr贸jecka Avenue
46
Lutniowa Building
Białołęka Ząbki bielany targówek Źoliborz
praga plN.
bemowo
e ci eŚ mi ód Śr
wola
rembertów wesoła
praga pld.
CITY CENTRE
ochota ursus
Grójecka włochyand Lutniowa
In the district of Ochota, Grójecka Avenue is a very central location and one of the most dynamic places in the city of Warsaw. New residential developments are being developed in this area, as well as it is site of headquarters of big companies such as Prokom Software. Public transport includes buses, trams and commuting trains, which connect this location in few minutes with the airport and the city centre. It is also very close to Park Szczesliwicki, where different activities can be found, including the only ski resort in Warsaw.
wawer
mokotów
wilanów
In the vicinity of this investment we can reach the shopping centres “Blue City” and “Reduta”.
ursynów
Kronos Kapital will develop in Lutniowa street one residential building with a total area of 2.580 sqm. BASIC INFORMATION Area of land Area of residential Area of balcony Apartments Total area of building Parking places
1.219 sqm 2.580 sqm 172 sqm 43 units 2.580 sqm 43 units
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Kronos Kapital Sp zoo / ul. Sienna 86 lok. 7 -00-815 Warszawa (Polska) Tel: +48 22 402 00 00 路 Fax: +48 22 402 00 10 www.kronoskapital.com