Investment Property - Riverview Apartments

Original Investment Summary - 16/06/2006 Investment Property Riverview Apartments

Poznan, Poland's 5th largest city, is a vibrant centre for trade, industry and education. The city has very little new development and demand for new apartments is currently exceeding supply by some margin.

We have reserved the best 35 units in Phase 3 of a 600 unit development. Immediately after we reserved the 35, the remaining units in this phase went on sale to the public and sold out in just one day.

The developer, Budimex, is one of the most professional and experienced in Poland, and we have secured a 7% discount, fixed prices and excellent payment terms of just 10% deposit and 90% on completion.

Riverview Apartments is in an excellent location in north Poznan, about 2.5km from the city centre, with excellent communications into the city by bus and tram.

This development is situated in a desirable, leafy district, surrounded by parks, with attractive views over the Warta River.

House price growth this year is expected to be between 15-20%. The city experienced 10% average house price growth in 2005.

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7th June 2006
OFT

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