Locked content Polnord issued bonds worth PLN 20 million

Real estate developer Polnord has issued 20,000 unsecured series MB2 bonds, worth PLN 20 million in total , the company said. The papers have an interest rate based on the WIBOR rate. All of them have been assumed and paid for. The money raised will be earmarked for new investments and debt refinanc...

Locked content Polnord sold 259 units in Q2

Real estate developer Polnord sold 259 units in the second quarter of 2016 and will book the sale of 163 units in its quarterly financial report, the company informed in a market filing. As many as 90 hotel project agreements were signed and implemented by the group in Wilanów district of Warsaw. Re...

Locked content Stacja Kazimierz commissioned into use

The first stage of housing estate Stacja Kazimierz in the Warsaw district of Wola developed by Polnord and Grupa Waryński has been commissioned into use, the companies informed. As many as 179 apartments were built, with living space of between 27 sqm and 91 sqm and five commercial premises. The sec...

Locked content Polnord sold 276 units in Q1

Real estate developer Polnord sold 276 units in the first quarter of 2016, the company reported. As many as 120 hotel project agreements were signed and implemented by the group in Wilanów, Warsaw. Recently, Polnord announced the intention to put 1,550 apartments on the market this year. Polnord is ...

Locked content Polnord intends to reach revenues of PLN 0.5 billion

Real estate developer Polnord plans to reach approximately PLN 500 million in revenues by 2019, selling at least 1,500 apartments per year, the company reports. Moreover, Polnord intends to pay out dividends, starting from 2018. The company’s strategy also includes an increase in profitability...

Locked content Polnord sells more units in 2015 y/y

Real estate developer Polnord sold 1,320 apartments last year, compared with 1,252 in 2014, a company press release read. “The contract regarding a hotel scheme carried out by the group in Wilanów, Warsaw influenced the company’s sales results. Initially, in the first quarters of 2015, 1...

Locked content Polnord issues bonds

Property developer Polnord has issued 60,000 four-year D serie bonds valued at PLN 60 million in total, the company reported. All the securities were acquired by SGB Bank. Simultaneusly, Polnord bought 60,000 A serie bonds valued at PLN 60 million, issued in 2012. Polnord is carrying out projects in...

Locked content Prokom debtors take over Bioton’s and Polnord’s shares

In line with an agreement reached on October 9 between Prokom Investments and financial institutions, Prokom has transfered Polnord’s and Bioton’s shares to its debtors. Before the changes, Prokom had 3.794 million shares in Polnord, which translated into 11.63 percent in share capital. ...