Ladies and Gentlemen!

I am pleased to provide you with the next issue of CPRF Newsletter regarding “Commercial Properties Market and Valuation in Poland” issued twice a year in February and September. Year of 2007 strengthened the growth trend on Polish commercial properties market. The demand and market indices noted positive increase. Whereas reflecting on property market development perspectives there are included in the current edition of Newsletter CPRF opinions and analysis regarding particular office and retail markets in Poland in coming 3 – 4 years. I encourage you to review the various blocks of the Newsletter. I hope that it will meet with your interest.

Yours sincerely,
Roman Fortuna MRICS