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Murapol stays on target

Eurobuild CEE 09 October 2018
POLAND Over the first three quarters of 2018 the Murapol sold 2,691 residential units representing a 9 pct increase on the same period of the previous year.

Murapol handed over 30 pct more units compared to last year with 1,200 units delivered over the period and a record 826 units registered in the results for Q3 alone. Murapol expects to meet its target for 2018 of 3,700 residential units and deliveries of 2,600 units. The company expects the consolidated ratio of net debt to equity to be less than 0.6 by the end of 2019. In Q3 alone, its total sales amounted to 893 housing units.

Murapol hopes to have completed deliveries on 2,600 units, which represents a y-o-y increase of more than 120 pct (1,150 apartments). In Q3 of this year, the group launched sales for six new residential projects with 1,023 apartments and a total useable area of 44,200 sqm in Łódź, Wrocław and Gdynia. Since the beginning of 2018 Murapol has been working on 19 projects with 3,200 new apartments in Warsaw, Kraków, Poznań, Wrocław, Łódź and TriCity as well as such towns and cities as Katowice, Gliwice, Tychy and Wieliczka. Murapol is planning to put a further 1,200 residential units with a total useable area of almost 52,000 sqm by the end of the year. By the end of the year the group will have put around 4,400 housing units up for sale. At the end of Q3 Murapol was building 6,081 housing units with a combined useable area of almost 268,800 sqm in 32 projects. At the end of Q3, the Murapol’s land bank was valued at PLN 637.4 mln with space enough to build nearly21,400 mresidential units. “Our quarterly sales have been holding steady as has the number of units that we have been putting on sale,” says Nikodem Iskra, the CEO of Murapol.

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