New ACCIONA Real Estate residential development in Poland comes on to market

136 Phase 1 "Atmosphera" residential properties, in Wilanow (Warsaw), go on sale.

In the past five years, Acciona Nieruchomosci has launched 12 residential developments in Warsaw.

ACCIONA Real Estate, a pioneer in eco-efficient housing, has begun the sale of the first phase of the Atmosphera residential development, in Wilanow, one of the most sought-after residential areas of Warsaw. Atmosphera will help to strengthen the company’s position in Warsaw, where ACCIONA Real Estate currently has a number of residential developments — Iskra, Lesne, Sielecka and Panska — , including the Zoliborz development, one of the most ambitious residential projects in Warsaw, scheduled for the second quarter of 2009.

Phase 1 of the Atmosphera development comprises 136 of 1,287 residential properties spread out over the project’s six phases. The 180,000m2-development is located close to the Wilanow Palace (a former royal residence), in between downtown Warsaw and the city’s airport

The new residential complex — part of one Warsaw’s most upmarket urban developments — carries considerable potential. Targeted residents are young, and the development will offer a comprehensive range of amenities and facilities including green spaces and artificial lakes, international schools, theaters and movie theaters, a shopping mall -and even a new cathedral.

The Atmospehra development strengthens ACCIONA Real Estate’s presence in Warsaw. The company has completed eight residential projects in recent years, and currently has another three at different stages of completion:

• Iskra Phase 3b (Goclaw district) - 144 properties.
• Lesne Phase 5, (adjacent to Port Bernowo park) - 109 properties.
• Panska, (Sródmiescie district, downtown Warsaw) -168 apartments.

The Atmosphera development — along with two other ACCIONA Nieruchomosci projects scheduled to get under way in 2009 — consolidates ACCIONA Real Estate’s current international push in general, and in Poland in particular. According to Antonio González, head of ACCIONA’s International Department, "Poland is one of the key markets in which ACCIONA Real Estate expects to carry out a number of projects over coming years. 2 Moreover, "the outlook for all segments of the Polish market is excellent", explains González.

ACCIONA Nieruchomosci

ACCIONA Real Estate first began operations in Poland in 2004 and has offices in Warsaw.  In 2005, the company acquired one of Poland’s leading real estate developers, Mostostal. Today, the company’s portfolio includes 3,000 residential properties at various stages of development, making ACCIONA Real Estate Poland’s number one residential developer. The company has been operating since 2006 under the name Acciona Nieruchomosci.

ACCIONA Real Estate holds a diversified portfolio of real estate projects. While the company holds considerable sway in the residential sector, it has also placed high expectations on the office and industrial markets.

In the office market, the company is currently developing “ACCIONA Business Center” in Wola, one of Warsaw’s most important business districts. The 42,949-square-meter complex will have parking facilities for 583 vehicles. Later this year, ACCIONA Nieruchomosci will begin construction of a second office building in Kronstruktorska Street: the planned 43,277-square-meter tower (of which 10,000 square meters are already rented) will have parking facilities for 1,084 vehicles.

In the industrial market, in 2007 ACCIONA Nierochomosci acquired a building on Krakowiakow Street near Warsaw Airport’s cargo terminal: the lot included 18,029 square meters of warehouse spaces (ranging from 300 to 500 square meters); 11,535 square meters of office space and parking facilities for 319 vehicles.

ACCIONA, a world leader in infrastructure, services and renewable energies

ACCIONA is one of Spain’s leading business corporations. The company’s activities in infrastructure, energy, water and services span more than thirty countries on five continents.

ACCIONA Real Estate has become a benchmark in the real estate sector. The company has been operating for twenty years, with activities split in two business areas: Residential, with the promotion and sale of residential properties in Spain, Portugal, Poland, Mexico and Brazil; and Real Estate Assets, which develops and manages other types of property, such as rented accommodation, offices, shopping malls, hotels and university halls of residence.