COMPLETED PROJECTS/ Madison Apartments
Madison Apartments
Madison Apartments
Madison Apartments
Private Housing Complex
Żoliborz
Warsaw
17,611 m2 Usable Area
2,646 m2 Retail Area
Madison Apartments is a private housing complex located in a quiet part of Żoliborz, surrounded by green areas and isolated from the bustle of the city. The retail units include a fitness club.
Construction was completed in two phases.
| AGGREGATE PROJECT FIGURES | |
|---|---|
| Construction Period Phase I | 29-Apr-14 - 06-May-16 |
| Construction Period Phase II | 27-May-16 - 15-Sep-17 |
| Total Number of Apartments | 230 |
| Total Number of Parking Spaces | 372 |
| Residential Usable Area (PUM) | 17,611 m2 |
| Gross Leasable Area (GLA) | 2,646 m2 |
| Total Investment (Phase I & II)* | PLN 131 million |
| Sales Revenues | PLN 174 million |
| Av. Sales Price of Apartment | PLN 9,580 / m2 |
| Financing | 100% Equity Investment |
| (*) Excludes PLN 21 million for Phase I Retail Units retained by Investor |
| FIGURES BY PHASE | PHASE I | PHASE II |
|---|---|---|
| Residential Usable Area (PUM) | 9,825 m2 | 7,786 m2 |
| Number of Apartments | 135 | 95 |
| Number of Parking Spaces | 180 | 192 |
| Investment | PLN 74.6 million | PLN 56.5 million |
| Sales Revenue | PLN 94.3 million | PLN 79.5 million |
| Av. Sales Price of Apartments | PLN 9,326/ m2 | PLN 9,756/ m2 |
| Profit/ Sales (Gross Margin) | 20,9% | 29% |
| ROE | 26,4% | 40,7% |
| General Contractor | Budimex | Warbud |
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