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Lokum still expanding rapidly

Eurobuild CEE 11 April 2018
POLAND Lokum Deweloper has increased its Q1 sales by 160 pct y-o-y with 248 units sold in Wrocław and 56 in Kraków.

The developer expects its sales in the two markets to be similar within two years. “The strong demand which we saw at the end of 2017 is also continuing into this year, our target for the year is to sell over 1,000 premises,” says Bartosz Kuźniar, the president of the board of Lokum Developer. In Q1 2018 Lokum Deweloper signed 181 reservation agreements and at the end of this quarter, it had 485 units under preliminary, developer and reservation contracts, up by 28 pct y-o-y. At the end of Q1 2018 the developer had 1,760 units under construction (compared to 1,543 at the end of 2017) and it had 516 on sale (774 a year earlier). “This year we plan to expand the number of apartments on sale with the delivery of the next stages of the Lokum di Trevi and Lokum Vena housing estates in Wrocław as well as the Lokum Vista and the Lokum Siesta projects in Kraków. We will be launching new projects, such as ul. Jaskółcza in Wrocław and ul. Klimeckiego in Kraków,” he adds and then says that: “We are preparing the construction of over 4,500 units and our total land bank includes 28 ha of land worth around PLN 226 mln.”

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