Coverage of high-potential mid-market firms in Poland


Budimex on an ambitios run, launches three new residential projects Q1

TAG'S: BUDIMEX, Developers (Real Estate)

BUDIMEX - Listed builder Budimex launched three new residential projects with a total of over 570 apartments in Q1 and is looking for attractive locations for new investments, the firm said on Thursday.


"In Q1 we bought a plot in Warsaw with a potential for over 1000 apartments," CEO Dariusz Blocher said. "Right now more than 3800 apartments are under construction. . ."


Also of note:


Budimex maintains plans of increasing employment in 2017, having hired nearly 200 people in Poland in Q1, and expects to face a mounting wage pressure, CEO Dariusz Blocher admitted at a press conference.


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