Dom Development to contribute PLN 300 mln to land plots

Dom Development, a Polish residential developer established in 1996, is ready to spend about PLN 300 million on land plots in 2016. Vice President and CFO Janusz Zalewski said that the company invested PLN 320 million in land in 2015, after estimating only PLN 250 million initially. "That means if  the market doesn't change, we will be able to spend even PLN 300 million. 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, 6,504 apartments are at the investment stage and 2,958 flats are to be implemented.