Cordia raises funds for Polish investments

Developer Cordia has raised an equivalent of PLN 575 million through its first issue of bonds in Hungary and will use the bulk of the sum for its planned residential projects in the Polish market. The company, which is part of the international Futureal group and entered Poland in 2014,  has to date completed four housing schemes in Kraków and Warsaw and is now working on three new developments in those cities. The developer has recently announced its plans to debut in the Tri-city market next year where it has already secured sites for two investments (in Gdańsk and Sopot). Cordia is now also looking at development opportunities in other large Polish cities including Wrocław and Poznań.

(Warsaw Business Journal)