Dom Development to contribute 300 mln zł to land plots

Dom Development, a Polish residential developer since 1996, is ready to waste about 300 mln złoty for land plots in 2016. Vice President and CFO Janusz Zalewski said that company had invested 320 mln złoty for land plots in 2015, assuming only for 250 mln at the beginning. "That means if  the market don't change, we will be able to waste even 300 mln złoty. We are ready for it and we do not expect it to contribute to a significant increase in net debt, " he continued. There are 20 projects to be built by Dom Development in 2016. Moreover, 6504 apartments are in the process of investing in and 2958 flats to be implemented.