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The Warsaw Voice » Real Estate » May 7, 2008
The Real Estate Voice
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May 7, 2008   
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Unibep Debuts on WSE

Unibep, one of the more rapidly developing Polish construction groups operating in the residential, commercial/service and general construction market, debuted on the Warsaw Stock Exchange recently. The company's core operations in Poland are in the residential segment, where Unibep enjoys a strong position on the country's largest market, the Warsaw conurbation. The group's export operations are concentrated on eastern markets, especially the Russian market, which is experiencing a construction boom.

The Unibep Group's construction services are supplemented by high-commission developer operations. As a developer the group focuses on single-family housing, developing its operations on the basis of its own innovative ceramic home production technology-CETE.

The company's larger projects include a factory in Orle (Russia) for Bioton Vostok, a commercial and office complex with a Radisson SAS hotel in Kaliningrad (Russia), an apartment complex in Sochi (Russia), the Tivoli Park and Miasteczko Wilanów estates in Warsaw, and the Galeria Alfa complex in Białystok.

The company has been reporting rapid sales growth in recent years. Sales for the Unibep Group in 2007 exceeded zl.406 million, while forecasts for 2008 predict zl.670 million. Record-breaking contracts were signed in 2007: a domestic one worth more than zl.172 million and a foreign one worth more than 109 million euros.

Strategic plans provide for further development in existing segments of the company's construction operations in Poland and abroad, especially on the Russian market. The company also plans expansion in the single-family housing segment based on its CETE technology as well as development of new products, including homes based on a light timber structure.

King Sturge Plans to Open Katowice Office

International real estate advisory firm King Sturge plans to open an office in Katowice in the Upper Silesia region of southern Poland. Upper Silesia is one of the most industrialized and urbanized regions of Poland and is second only to the Warsaw area with regard to the number of new real estate projects. King Sturge says it expects further significant growth in the region's real estate market potential. The new office, in the center of Katowice at 50 Chorzowska St., will initially employ staff responsible for site finding, real estate management, investment and market analysis and rental of office and industrial premises.

King Sturge is the sole agent for Silesia Towers, the latest office project belonging to developer TriGranit, and the Millennium Plaza office building in Katowice which belongs to insurance company Aviva. King Sturge also manages the latter building. Among retail projects in the Silesian region, the firm is responsible for the rental of the Helical Retail Park in Gliwice.

Warbud Wins Church Contract

Construction company Warbud has signed a zl.21.75 million contract to carry out reinforced concrete works on the Temple of Divine Providence on Klimczaka Street in Warsaw for the Warsaw Roman Catholic archdiocese. Warbud will be responsible for the construction of a reinforced concrete structure between 26.42 and 34.12 meters high, which will eventually house the John Paul II and Cardinal Stefan Wyszyński museums. The work should be completed by the end of November.
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