Budner to change name, grow in new market sectors
15:32
Construction company Budner plans to change its name to Fundamental Group in January next year and focus on growth in new market sectors in the near future. The builder, which will continue to act as the general contractor for residential and commercial real estate projects, wants to become a major developer of turn-key schemes for external investors. Budner will offer “design and build” services to entities interested in the acquisition of whole residential buildings comprising rental apartments. It also plans to be active in the student accommodation sector, with a number of new dormitories, located in cities including Warsaw and Kraków, now in the pipeline. When it comes to construction services, the company wants to become more active in the industrial real estate and infrastructure sectors. The 2017 contracts portfolio of Budner is now valued at approximately PLN 210 million. The builder's strategy envisions a debut on the Warsaw Stock Exchange by the end of 2018, said Leszek Stankiewicz, a member of the management board at the company.
