The developer is working on a number of projects and is planning to begin loan repayment next year. It should then become attractive for investors.
Polnord expands its offer with new apartments in the Chabrowe Wzgórze development in Kowale near Gdańsk. The new development consists of 44 apartments with areas from 30 to 73 sq. m.
Bank Gospodarstwa Krajowego has already reserved the majority of resources designated for own contribution subsidies within the framework of the “Flat for the Young” government programme. It is almost certain that the resources will be completely depleted in January.
Polnord concluded a preliminary real property purchase agreement for a plot in Gdańsk. The Company plans to build 276 holiday apartments in that location. It also announced the decision to liquidate the branch office in Moscow.
At the beginning of the year, Polnord announced the new 2016-2019 strategy. How can you summarise its execution over the six months after its announcement? Are its effects already visible in the Company’s results?
Polnord assumes that the housing market boom will last until the end of 2017. Therefore, it intends to introduce 1,500 apartments to the offer and increase the pace of apartment sales. The Company is looking for land for new developments in Warsaw and Tri-City.
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