According to Parkiet daily (1 329 CZK, -3,42%) Property Group is going to build in Poland dwellings worth above PLN 2bn, offering in total at least 170,000 sqm of saleable area. The majority of investments are scheduled to be located in Warsaw but is also interested in developing sole projects in Szczecin and Cracow, at the same time not excluding locations in other large Polish cities such as Tri – City, Poznan or Wroclaw.
Our view:
We see this comments neutral in light of previously announced projects in the pipeline of which the biggest ones are Zlota 44, Jozefoslaw in Warsaw and Szosa Polska Street in Szczecin.