We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Society » February 10, 2017
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Poland amasses 450 ha land for housing program
February 10, 2017   
Article's tools:

The Polish government has gathered around 450 ha of land plots in 66 cities and towns for its housing program Mieszkanie+, which could give rise to 56,000 apartments, after Polish railways operator PKP handed over 250,000 hectares with potential for 40,000 apartments.

The construction of the first residential estates could be launched yet this year, according to Dziennik Gazeta Prawna's findings.

The partnership between PKP and the state bank BGK's real estate unit BGKN, where the former provides land and the latter financing, will entail setting up SPVs for realization of projects in particular locations.

Financing will initially come from a municipal fund whose assets will be increased as Poland shifts a part of means initially earmarked for the housing rental part of the program. That fund will be reduced from PLN 5 billion planned initially to PLN 1.5-2.0 billion.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE