| | | | | | ATTIC RENOVATION
LOCATION: Krakow: Podgorze District
TIMEFRAME: First stage: May 2007 - Oct 2007, Second Stage: Oct 2007 ->
ASSUMPTIONS: Purchase of row attic, making 3 apartments there, renovation, fitout and renting.
ACCOMPLISHMENT: Purchase the attic in old krakows block of flats. Division the 130sqm attic for 3 apartments, renovation and furnihing the apartments for rent. The whole investment was financed from bank credit.
RESULT: All apartments are rented out with positive cash flow. | | | | | | | | | PURCHASE - RENOVATION - SALE of the apartment
LOCATION: Krakow Kazimierz - Jewish Quarter
TIMEFRAME: I.2007 - VII.2007
ASSUMPTIONS: find, buy, renovate and sell
ACCOMPLISHMENT: We managed to find good apartment in the premium location in Kazimierz - Jewish district. The purchase and renovation were financed in 95% by the bank. During the process staircase was painted (financed by the community fund).
RESULT: The project was done in 6 months and the return on capital invesed was 400%. | | | | | | | | | BLOCK OF FLATS PURCHASE - RENOVATION - SALE
LOCATION: KRAKÓW CENTRAL
TIMEFRAME: First Stage (purchase, renovation, sale of vacant apartments) VII.2006 - VII.2007. Second Stage the investor has three apartmants with social tenants.
ASSUMPTIONS: Purchase of the block of flats (evaluation of the legal status of each apartment), renovation, sale, renting apartments for social tenants.
RESULT: The project was done for English investors. One apartment was divided in two, which gave 9 apartments in total. 6 were renovated and sold. 3 are rented to social tenants and are owned by investor. The return of invested Capital was aprox. 30% (+3 apartments with social tenants which are worth aprox. 2 mln PLN). The buyers for 3 apartments are renting them in our apartment renting system www.yourplace.pl | | | | | | | | | SEMI DETACHED HAUSES DEVELOPMENT
LOCATION: KRAKÓW-MICHAŁOWICE
TIMEFRAME: III.2007 - VI.2008
ASSUMPTIONS: Find and buy good plot for residencial houses, obtain financing build hauses and sell.
ACCOMPLISHMENT: New partnership was created for this project. The plot was bought from shelholders capital. Investment bank credit agreement was signed. The permission to build was obtained. The agreement with building company was signed.
RESULT: Building process is to be started in early Spring 2008. | | | | | | | | | RURAL PLOT DEVELOPMENT
LOCATION: KRAKÓW - POŁUDNIE
TIMEFRAME: VIII.2006 - VI.2009
ASSUMPTIONS: find and purchase rural plot in Krakow, obtain 1 stage building permission, obtain second stage of building permission, contract building compny and build three houses. Sell houses.
RESULT: Investor purchased 2500sq m of the ground. Obtaining first stage building permission is processed now. Estimated price of the plot has increased by 300%. | | | | | | | | | PURCHASE - RENOVATION - SALE of the apartment
LOCATION: Krakow Kazimierz - Jewish Quarter
TIMEFRAME: X.2005 - III.2006
ASSUMPTIONS: find, buy, renovate and sell
ACCOMPLISHMENT: We managed to find good apartment in Kazimierz - Jewish district. The purchase and renovation were financed in 100% by the bank.
RESULT: within 5 months the project was complited. Net ROI was 30% (of banks money :)) | | | | | | | |
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