COMPLETED PROJECTS/ Wólczyńskaah!
Wólczyńskaah!
Wólczyńskaah!
Residential Development
Bielany
Warsaw
33,023 m2 GLA
Wólczyńskaah! Stage I & Stage II comprise a 5-building 15-storey (plus 2 underground levels) residential development located on Wólczyńska Street in the southern part of the Bielany district of Warsaw. The location is a quickly developing, green residential area close to Młociny metro station, the site’s major asset, ensuring good transport connections with the city centre.
| AGGREGATE PROJECT FIGURES | |
|---|---|
| Construction Period Stage I | 30-Jul-15 - 13-Apr-17 |
| Construction Period Stage II | 01-Dec-18 - 01-Apr-20 |
| Total Number of Apartments | 564 |
| Total Number of Parking Spaces | 482 |
| Total Residential Usable Area (PUM) | 33,023 m2 |
| Total Investment (Stage I & II) | PLN 196 million |
| Sales Revenues (Stage I & II) | PLN 251 million |
| Av. Sales Price of Apartment (Stage I & II) | PLN 7,159 / m2 |
| Financing | 30% Equity / 70% Debt |
Wólczyńskaah! Stage I was developed as a joint-venture with Vía Célere, Spain’s largest residential real estate developer. Stage II was developed solely by Apricot Capital Group. Construction was completed in two phases.
| FIGURES BY PHASE | STAGE I | STAGE II |
|---|---|---|
| Residential Usable Area (PUM) | 14,454 m2 | 18,569 m2 |
| Number of Apartments | 253 | 311 |
| Number of Parking Spaces | 247 | 235 |
| Investment | PLN 82 million | PLN 114 million |
| Sales Revenue | PLN 101 million | PLN 150 million |
| Av. Sales Price of Apartments | PLN 6,700/ m2 | PLN 7,516/ m2 |
| Profit/ Sales (Gross Margin) | 19,2% | 24% |
| ROE | 84,6% | 121,2% |
| General Contractor | Budimex | Budimex |
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