Twoja Dolina approaches

JHM Development, a subsidiary of Mirbud, is willing to start its first housing investment in Katowice. The company already holds a valid building permit to commence the project, which was named „Twoja Dolina” (Your Valley).

© JHM Development; Twoja Dolina housing estate
© JHM Development; Twoja Dolina housing estate

The new housing scheme will be built on Pułaskiego St. in the Three Ponds Valley. The estate will consist of four buildings (from 5 to 9 storeys), where 314 apartments and commercial premises were designed. The project was prepared by the Arkat Dieter Paleta architectural studio from Katowice.

The residential undertaking will be carried out in two stages. 196 apartments and 9 commercial premises, located in two buildings, will be erected within the first stage. The 9-storey building will house 134 apartments and 8 retail and service units. 62 apartments and one commercial spot were designed in the 8-storey facility. The housing units area will be ranging from 19 to 79 sq. meters.

The 1,2 ha construction plot was purchased by the developer for PLN 16,9 million in 2011. The housing project was presented over two years ago and the developer announced to start the construction work in the middle of 2012. However, JHM Development has postponed to launch the works because of the apartments surplus that have been built by the company in other cities that time and difficulties connected with the sales.

Now the company announces the approaching start of the project. „JHM Development obtained the final valid building permit and the construction work will be commenced in the weeks to come. We expect to deliver the first stage of the housing undertaking in September 2016” – said Michał Michalski, communication director at Mirbud.

The company wants to spend over PLN 110 million for three housing developments in Katowice, Rumia and Łódź. The developer had issued bonds, which allowed the company to repay its debt towards the parent company, Mirbud. „In consequence, JHM obtained more convenient conditions of external financing, which was necessary for the realization of new development projects” – Halina Mirgos, president of the board at JHM Development, said in a statement earlier this month.