Wroclaw Centre Only 15% Deposit - Balance on Completion. Opportunity to invest in a residential real estate development in a strategic position within the city center of Wroclaw.

With an investor friendly payment structure of only 15% deposit and 85% on completion, combined with the possibility to sell before completion there is the potential to make significant profits in a short period of time.

The project, developed by one of the most reliable building companies in Poland (who are quoted on the Polish Stock Exchange) has been designed with the requirements of the local market in mind. The apartments are built over 5 levels, plus a commercial area and underground parking.

In this phase you can buy at an average price of
7,700 zloty/m2 (€2,070 m2), below the average price of market. It is compulsory to purchase the parking space and storage room.

One building, 6 levels (GROUND FLOOR + 5), distributed in 7 blocks (from A to G):
In total there will be:
• 253 apartments:
- Studios with a living area of approx. 30 sq.metres.
- One and two bedroom apartments with an approx. living area of 39 to 46 sq. metres.
• 12 commercial units in the ground floor with a total surface of 1,194 m2
• 143 ground floor parking spaces.
• 142 underground parking spaces.
• 189 storage rooms.

The project has been conceived to target the demands of a Polish buyer looking for a property close to European standards in terms of quality.

Wroclaw:

The city of Wroclaw is the capital of the Lower Silesia region and is the fourth biggest city of Poland with 635,200 inhabitants. A srong economy propelled to a great extent by the industrial and computer sciences sector (Siemens, BenQ, LG, Volvo, HP), the financial sector (head quarters of banks BZ WBK, Lukas Bank, Eurobank, Santander Consumer Bank), and the pharmaceutical sector (U.S.Pharmacia, Hasco-Lek, Galena, 3M).

Its location in the center of Europe makes it easily accessible by highway, trains or by plane. Additionally, the Lower Silesia Region has the best railway and road network of Poland very
well connected to the Pan European corridors that cross the country, favouring the economic development of the city of Wroclaw.

In Wroclaw important routes of communication are crossed: from the east to the west and from north to the south. The main highway of the region is the A-4 freeway that begins in Dresden, passes Berlin, Wroclaw, Opole and Katowice and continues towards the east. The city is an important railway junction: it offers direct connections with all the European capitals and the biggest cities of Europe.

Wroclaw is also an important university center, with over 100.000 students coming from all over the country and abroad to its 20 superior schools, university and a polytechnical school.

Wroclaw is one of the richest cities of Poland. The strong economic position of the city as well as its very favourable geographic situation attracts many direct foreign investments.
From the early 90´s many multinational companies have invested and established its European headquarters in Wroclaw, companies like Volvo, Cadbury, Cussons, 3M,Whirlpool, Wabco, Bombardier, LG Phillips, Siemens, Hewlett-Packard and Santander.

Wroclaw has a very favourable economic situation in comparison with the rest of the country. The index of the GDP per capita in Wroclaw is 1.5 times the national average.

At the end of 2006 the average price of house of new construction in Wroclaw registered an increase of 25% throughout the year.

Rental market:

Properties with highest demand are those of one and two rooms and with an average surface of 50 sq. metres. The amount of larger apartments is not big as it is a product not to attractive for potential tenants.

The most demanded location is Krzyki district where there is an excess of demand over supply due to the low stock of available apartments.

The main groups targeted for the rental market in Wroclaw are:
• Companies that look for properties for their employees,
• Employees of companies located in Wroclaw,
• Students of the local universities,
• Young People who want to live within walking distance of the city centre who cannot afford to buy their own home.

As for the average cost of rentals per sqm for apartments of 1 and 2 bedrooms within the area of influence where 'Kamienna 105' is located, a value of 11€/sqm per month can be expected.

Forecasted development of the Real Estate market in Wroclaw:

The economic potential of the city as well as the demographic tendencies support the increasing demand forecasted for the Wroclaw residential market. Moreover, the capacity of the city to attract new investments will be boosted by the future hosting of the EXPO 2012 and the European Championships in 2012 strengthening the increase in demand for upper end apartments.
The amount of investment flowing into the local market will bring an increase in the activity of developers to increase the number of houses delivered in the next years up to a level of 2,500 - 3,000 units per year. This supply, given the existing demand, will be insufficient, another reason why it seems inevitable that prices will continue to rise.

Consequently, we expect the average price of a square meter of dwelling in Wroclaw to increase by a 15%-20% for the following 2 years. A positive pattern is forecast to be maintained at least until 2012.