We want to inform you that soon we start two next development projects of the LC Corp Group in Cracow and in Warsaw.
Soon in Cracow "Kraków Zielony Złocień" Sp. z o.o. will start realisation of the 1st Stage of "Miasteczko Zielony Złocień" development project. This is a project completed in a plot of an area of 10.22 ha, located in Bieżanów-Złocień district in Cracow. Soon the company will begin selling of flats from the 1st Stage.
Moreover "Warszawa Przyokopowa" Sp. Z o.o. is working hard on project and administrative tasks that lead to starting the next development project of the Group in Warsaw. It will be the office building at Przyokopowa Street, located in front of Warsaw Uprising Museum. The building is being designed by famous architectural office - Kuryłowicz & Associates.read more...
We are pleased to announce that in less than five months after the start of the sale of apartments in the third stage of Osiedle Przy Promenadzie, as much as 30% of the available space in housing and service premises has already been sold.
Construction of the building, which is another stage of the popular investment in Warsaw (Stage I - 235 flats was released for use in the first quarter of 2008, and Stage II with 384 apartments in the fourth quarter of 2009) commenced on 1 July 2009. The flats will be taken over by buyers in first quarter of 2011.
In the investment we have in particular the most popular two-room apartments from 47 to 60 sq. m. There are also a few single and three-room flats. You are welcome visit our sales office.
19.10.2009 – The company Warszawa Przy Promenadzie Sp. z o.o. Spółka Komandytowa obtained occupancy permit concerning the housing and service of the building erected under Stage II of the "Osiedle przy Promenadzie" project executed by LC Corp S.A. in Warsaw’s Gocław District.
Within Stage II of the project, 384 flats were built (within Stage I of the project – released for occupancy in March 2008 – 235 flats were built) having a total area of 30 to 115.5 m2, in the building which in its main section (the building parallel to Nowaka-Jeziorańskiego Street, and the four arms reaching deep into the Estate) is a seven-storeyed structure. Fourteen-storeyed towers were erected in the places where the arms connect to the main section.
Stage III is also being carried out under the project – an eleven-storeyed building with housing and service premises (90 flats). The flats are scheduled for occupancy at the beginning of 2011.read more...
In September 2009 LC Corp SA began the sale and reservation of flats and retail units in a new Warsaw-based project Rezydencja Kaliska.
92 flats having a total area of 34 to 257 m2, and 6 retail units are available. Parking lots are located in two underground car park storeys. This is a very attractive location, the connecting point of Śródmieście, Ochota and Wola districts, within Al. Jerozolimskie/Kaliska/Niemcewicza streets.
The flats were designed so as to enable their free arrangement in line with the buyer’s wishes. The 60 – 70 square-metre flats can have two or three rooms. The top storeys of both the six floor section and the higher eleven floor section house 4 split-level penthouses having a total area of 180 to 257 m2.read more...
We would like to invite you to see the financial results of LC Corp S.A. for the mid-year of 2009.
More information is available here.
On July 1st 2009 ERBUD SA, the General Contractor of Stage III of Osiedle Przy Promenadzie – was officially introduced into the construction site. This opened another stage of the housing project which gained popularity in Warsaw. Within the project, as many as 235 flats have already been released for occupancy, with 384 more flats to be completed on September 7th.
The sale and reservation of flats and retail units have also begun. The project anticipates building 90 flats having a total area of 32 to 125 m2 , 6 retail/service units of 44 to 78 m2, 177 parking lots and 55 m2 for residents’ storage rooms. 80% of the flats meet the space-based requirements of the government scheme "A home of family’s own" – (Rodzina na Swoim). The flats were designed so as to enable their free arrangement in line with the buyer’s wishes, e.g. 36 square-metre flats can have one or two rooms, and 55 – 60 square-metre flats can have three rooms. Completion of the project is scheduled for Q1 2011.
The LC Corp S.A. Company operating on property development market, reported a net profit of PLN 10.1 million after the first 3 months of. This represents a significant growth, compared to Q1 2007, in which the company posted a loss of PLN 1.3 million.
This good outcome of LC Corp S.A. in Q1 2008 resulted from revenues generated by fees relating to service/maintenance of Arkady Wrocławskie shopping and office centre (opened in Q2 2007), as well as completion and release for use/occupancy 101 flats from Stage I of Przy Promenadzie Estate project in Warsaw. This Stage I comprises 235 flats in all. All flats built as part of the project have already been sold and residents have moved in, and the final notarial transfer of ownership of the remaining 134 was completed in April and May.
After the Building Permit was granted in October 2007, the sale of flats available under Stage II of Przy Promenadzie. The entire Stage II project comprises 385 flats, and its completion is scheduled for Q4 2009. Presently, as many as 89 flats of this project have been sold, i.e. 21% of the total usable area.read more...
The ceremony of unveiling of the sculpture was hosted by the Management Board of LC Corp, Dr Leszek Czarnecki (the majority shareholder), city officials and Lower Silesia’s representatives of scientific and cultural circles. Associate Professor Waldemar Okoń, Director of the Wrocław University’s Art History Institute gave a short lecture on the sculpture and Salvador Dali.
The sculpture of Salvador Dali, monumental in its expression and size, origins from the series of productions created in 1997-1984, entitled Profile of Time. It represents the artist’s sculpting continuation of his considerations given to life, time, passing, and permanence of fate. These considerations were initiated with the painting of 1931 Persistence of Memory (in Spanish: La persistencia de la memoria) also known under the title Melting Clocks. The painting is now to be found in the collections of the New York’s MoMA, and is one of the artist’s most famous paintings, and at the same time probably the most well-known surrealist picture in the world. In the presented sculpture, which is the third cast in the series of eight, you can clearly see the recurring motif of a melting clock, spread on a branch of a tree. The artist moved from a two-dimensional painting to the three-dimensional world of sculpture. In the outline of the tree we can distinguish analogies of a silhouette of a man who is trying to capture fleeting time, the time we cannot grasp, the time inertly overflowing.
The sculpture Profile of Time was made in numerous versions and sizes. This particular work is monumental in its dimension. It is nearly 4 metres high (3.8 x 2 x 2.6 m). It was documented in the book by Robert and Nicolas Descharnes, Dalí: The Hard and the Soft, Sculptures & Objects, of 2004 (page 238, ref. no. 615). The cast was made in a reputed foundry "Perseo" in Mendrisio (Switzerland). It is made of bronze using the lost wax method (cire perdue). The sculpture is patinated in brown and green shades, and seated on a plinth.read more...
In 2007, LC Corp S.A. reported a net profit of PLN 106 million. This excellent financial result is concordant with the Company’s forecast published a mid-year of 2007. Concurrently, profitability ratios achieved by LC Corp are as follows: ROE 11.82%, ROA 6.90% and EPS 0.27 PLN, respectively.
In 2007 the Company created a transparent portfolio of assets securing uninterrupted investment project operations for the successive 5 years. By the end of 2007, LC Corp purchased nearly 2.3 million square metres of land, where projects will be completed with total investment level reaching PLN 5 billion, and usable area to exceed 981,000 m2. The projects under construction i.e. Osiedle Przy Promenadzie Stage I and Stage II in Warsaw, as well as SKY TOWER in Wrocław will offer residential usable area (PUM) of over 236,000 sq.m. On the land it purchased, the Company plans to offer for sale over 7,105 flats by the end of 2012./p>
CB Richard Ellis estimated the current market value of Arkady Wrocławskie (also owned by LC Corp and already in operation – 103,900 PUM) at EUR 136.6 million. The Company has consistently pursued the creation of Land Bank in Poland’s most attractive areas. Ten more investment projects are under preparation with PUM exceeding 640,000 m2. In line with the adopted development directions, both the building investments and investments under preparation are concentrated in major Polish agglomerations: Warszawa, Wrocław, Gdańsk, Kraków, Katowice, and Łódź.read more...
210 flats are available for sale in the initial phase of Stage II project; 175 more flats are anticipated for sale as from January. Residents will be able to take over finished flats at the turn of 2009 and 2010.
Within Stage II of the project, we offer a wide assortment of flats having a total area of 30 to 115.5 m2, in the building characterized by modern and interesting architectural design, comprising green terraces in the lower storeys and the top ones.
The building will be a seven-storeyed main structure parallel to Promenada Shopping Centre (with the bottom storey housing service/retail units), and four seven-storeyed arms leading away from the main structure and deep into the Estate.read more...
June 29th 2007 was the date set for the first day of listing of LC Corp S.A. securities.
On June 28th 2007 the Management Board of the Warsaw Stock Exchange adopted a Resolution setting the date for the introduction of LC Corp S.A. shares to public trading.
Shares of LC Corp S.A. will be listed at the Warsaw Stock Exchange under the abbreviated name LCCORP and marked as LCC.
The Management Board of LC Corp S.A. reports that on June 22nd 2007 the allotment of 163,000,000 shares subject to Public Offering took place.
The Management Board of LC Corp S.A. reports that on June 22nd 2007 the allotment of 163,000,000 shares subject to Public Offering took place, including:
The Management Board of LC Corp S.A. reports that on June 18th 2007 r. LC Corp S.A. and LC Corp B.V. (Shareholder Selling the Issuer’s existing shares under the Offer), with the approval of UniCredit CA IB Polska S.A., performing in the Offering the role of Underwriter.
The Management Board of LC Corp S.A. reports that on June 18th 2007 LC Corp S.A. and LC Corp B.V. (Shareholder Selling the existing Issuer’s shares under the Offering), in consultation with UniCredit CA IB Polska S.A., performing in the Offering the role of Underwriter as well as Lead Manager and Book Runner, determined the price of Shares Offered (which applies to both New Shares and Shares for Sale) under the Offering at the level of PLN 6.50 (say: six zloty, 50/100).
The Company and the Selling Shareholder, in consultation with the Lead Manager of the Offering also decided that the final number of Offered Shares would total 163,000,000 Shares (including 57,000,000 New Shares and 106,000,000 existing Shares), and that the Offered Shares would be offered in the following manner: 20% of Offered Shares would be offered to Retail Investors under the Retail Tranche, whereas the remaining Offered Shares would be offered to Institutional Investors, under the Institutional Tranche.read more...