execution of a development project within a special purpose vehicle (SPV) (Realty Management Spółka z ograniczoną odpowiedzialnością Projekt Developerski 10 Spółka komandytowa) on acquired, partially developed property leading to the sale of an entire newly built usable space,

own financing by way of payments into the equity capital of the SPV,

very good location,

plot area: 156,260 square metres,

offer positioned in the middle and upper market segment,

usable surface area to be sold (planned): approx. 100,000 square metres (of which approx. 95,000 square metres is residential space),

aggregate capital expenditures by BBI Development NFI (planned): approx. PLN 36,000,000 (not more than PLN 68,000,000),

aggregate capital expenditures of the SPV associated with the realisation of the development project (excluding costs associated with the acquisition of land and finance costs; planned): approx. PLN 500,000,000,

project completion (planned): Q2 2012 (first phase by the end of 2010).

gallery