Large housing developer to debut on stock exchange

Its value is estimated at a total zl350-400 million, with the main shareholder a private partnership registered in the Netherlands. This partnership controls over 81% of shares, some of which will be sold alongside shares from the new issue. DD controls over 9% of the housing estate market in Poland. DD will be a bourse-listed development company such as GTC and Echo, however, they specialize in the construction of office buildings and trade centers. In 2005 DD posted a zl.52 million net profit at zl.537 million revenues. The main aim of this share issue is to inject cash into the company for buying land and financing new development projects. The company is currently building a housing estate in Marina Mokotów worth zl.1billion.(Puls Biznesu p.12) M.M.