Archicom buys Piast Brewery 5.7 ha land

Real estate developer Archicom has signed an agreement with Altona Investments for the acquisition of a 100 percent stake for PLN 36.3 million, the company informed. The purpose of the deal is the purchase of a 5.77 ha plot in Wrocław, located at ul. Jedności Narodowej 204-220, including several buildings belonging to the defunct brewery Browar Piastowski, a statement read. Archicom is a Polish property developer that has been listed on the WSE since March 2016. In 2015, the company recorded a consolidated net profit of PLN 25.6 million and revenues of PLN 156.6 million.