implementation of the development project as part of the special-purpose vehicle on a purchased non-built-up plot, aimed at the sale of the whole created usable floor area,
own financing mainly by means of loans for the special-purpose vehicle,

project initiated as part of BB Investment and transferred to BBI Development NFI on the basis of a debt sale agreement and assignment of rights and obligations under a loan agreement,

very good location,

size of the plot: 2,025 square meters,

offer positioned in the mid-market segment,
usable floor area available for (plan): approximately 4,000 square meters (mainly apartments’ usable floor area),

BBID loan for the special-purpose vehicle: PLN 3,920,000,

total expenditure of the special-purpose vehicle related to the implementation of the development project (excluding the costs of purchasing the plot and financial cost; plan): approximately PLN 20,850,000

completion of the project (plan): September 2009 (with partial realisation of profit in the 2nd quarter of 2008)