Dom Development close to buying land worth PLN 100 mln

Real estate developer Dom Development is close to acquire three plots of land in Warsaw worth PLN 100 million, said deputy CEO and financial director Janusz Zalewski. As many as 1,000 apartments are expected to be built if the transaction is concluded. In total, the company would have land allowing to build 3,600 apartments. The total sum earmarked for buying new ground may exceed PLN 250 million this year, Zalewski said. In H1 2016, Dom Develop wants to launch nine housing projects. Currently, the company has 2,754 flats for sale and 3,989 under construction.