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INFORMATION OF MANAGEMENT BOARD CONCERNING WARSAW CITY COUNCIL VOTING ON DRAFT OF THE MASTER PLAN FOR POSTINDUSTRIAL AREA OF ORLOW PIASTOWSKICH STREET – PART I

Management Board of Celtic Property Developments S.A. announces that on 3 July 2014 at the session of Warsaw City Council, draft of master plan for postindustrial area of Orłów Piastowskich street – Part I, was put to vote.

As a result of vote, Warsaw City Council passed a resolution on the master plan for postindustrial area of Orłów Piastowskich street – Part I.

The area covered by the master plan is approximately 200 hectares, which constitute approximately 25% of Ursus district. Adoption of master plan will allow to start synchronized and balanced, multifunctional, urban investment on degraded, postindustrial areas in Ursus what is extremely important for the economic development of the district.

Next step in the planning procedure is approval of master plan by the Governor.

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