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The Warsaw Voice » Real Estate » March 18, 2009
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Residential Market
March 18, 2009   
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New Interiors from Budimex
Bianco and Platino are two interior finishing lines that the Budimex company is offering apartment buyers. Each apartment owner will be able to determine the final look of their new home in consultation with an architect.

The developer's package includes finishing materials from manufacturers such as Villeroy & Boch, Duravit and Hansgrohe, kitchen furniture and appliances as well as the painting of walls, laying of floors and tiles, doors, bathroom fixtures and a fitted kitchen including assembly of all appliances.

The Bianco line is being offered at a discount price of zl.500, and the Platino package costs zl.990.


Luxury in Warsaw's Muranów
The Trio apartment building with 190 luxury apartments is under construction on Stawki Street in Warsaw's Muranów neighborhood. In February the project's developer, Eco Classic, finished structural work that it began in 2007. The building is scheduled for completion in the first quarter of 2010.

The complex comprises an 18-story tower, an eight-story building facing Stawki St., and a four-story building along Pokorna St. The project will offer apartments from 33 to 179 sq m occupying a total of 16,000 sq m.


Echo Investment Posts Hefty Q4 Profit
Developer Echo Investment ended the last quarter of 2008 with a net profit of zl.34.5 million. The company's net revenue exceeded zl.160 million, 67 percent more than in the third quarter of 2008 and 69 percent more than in the same period of 2007. In all of 2008, the company posted a net profit of zl.109 million on sales revenue of zl.433 million.

The company's figures were positively influenced by revenue from residential sales and the leasing of office and commercial space, executives said. Another major factor was the updating of the fair value, accounting for quarterly euro and U.S. dollar exchange rate differences and changes in net operating income (NOI).

Some of the company's latest projects included Phase 3 of Inflancka St. and Phase 2 of Zwycięzców St. in Warsaw; Naramowice Estate Stage 3 in Poznań; and Bilcza II Estate in Bilcza near Kielce.
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