Lokum to enter WSE and new markets

Real estate developer Lokum is planning to debut on the Warsaw bourse in the second half of the year in order to raise capital necessary to enter markets in Warsaw and Kraków, the ISBnews agency reported citing Bartosz Kuźniar, the form's CEO.  "We are negotiating purchasing land in the new markets. We are focusing rather more on Kraków. These will be rather large plots, located in the city center," Kuźniar said. "We are planning to enter the WSE this year, we are working on a prospectus at the moment," he added. The real estate developer aims to enter Kraków still this year or the next year, and will come to Warsaw right after that. Last year, the firm's pre-sale amounted to 355 units. Lokum's net profits totaled PLN 26 million.