Polnord picks up where Prokom left off

On November 15 the general assembly of shareholders is expected to make a decision concerning this transaction. Working together, Fadesa-Prokom Polska and Polnord will build over 1 million square meters of flats, with 350 000 square meters of these on land that Polnord has safeguarded. The rest will be built on Fadesa-Prokom land over the course of the next three to five years. The investment's profitability is expected to be around 20-30%, although each company will be conducting its own calculations. The two companies will rely on loans for the most part of financing, covering only 15-25% of the investment from their own pockets. (Puls Biznesu p.12) M.M.