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The Warsaw Voice » Business » June 30, 2014
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Housing rental fund to invest in over 1,000 apartments in 2015
June 30, 2014   
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Poland's state bank BGK will invest in over one thousand apartments in the framework of its housing rental fund in 2015, and will increase the number to 2,000 - 5,000 annually in the following years, BGK's capital investment department head Piotr Kuszewski said.

"Letters of intent are signed and we are running due diligence of a few projects," he told PAP Polish news agency.

The bank now expects the fund to generate an annual return above the initially planned 4%, the official also said.

The housing rental fund is expected to invest PLN 5 billion in housing projects it will then rent out, and plans to spend several hundred million zloty already in 2014, BGK officials said earlier.
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