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Couresty of M+G

Warsaw-based developer Dom Development has launched construction and sales of apartments in a new phase of its Wilno residential project in the Polish capital. On offer are 132 units scheduled for completion in the second half of 2013.

The Wilno development is located in the Elsnerów neighborhood of Warsaw’s Targówek district. Dom Development is currently building a total of 463 apartments within the investment, of which 214 can still be bought.

Units in the latest phase of the scheme are sized from 30.3-64.8 sqm and priced from zł.6,300-6,780 per sqm. Many of them are eligible for the government’s Family on its Own preferential mortgage program for first-time home buyers.

The developer plans to build a new railway stop in the vicinity of Wilno by the end of 2013. The facility would enable the inhabitants of the estate easy access to a station of the second subway line which is now being built in Warsaw’s Praga Północ district.

Listed on the Warsaw Stock Exchange since 2006, Dom Development is currently involved in a total of 20 residential investments in Warsaw and Wrocław including different phases of the Osiedle Saska, Adria, Klasyków, Derby and Miasteczko Regaty schemes in the Polish capital.

In the third quarter of 2011, the developer sold 454 apartments, which was over 42 percent more than in the same period of last year. The company’s revenues and profit in Q3 amounted to zł.201.5 million and zł.36.6 million, respectively.