Ronson Development, a developer known up till now for projects on the Warsaw market, has bought two plots of land in Wroclaw, of a combined size of just under 10 acres, with the intention of building 500 flats on each site.
The plots are in the Krzyki district in the south of the city. The developer intends to build small multi-family developments and expects to secure all the necessary permits and begin construction work within the next 12 months.
Ronson Development first entered the Polish market in 2000. So far it has sold close to 1,000 flats from three developments in Warsaw and three other projects in the capital are currently under construction.
In total, Ronson Development owns a dozen or so plots of land, earmarked for residential investments in Warsaw, Poznan and Wroclaw.