DEKPOL Deweloper sold 472 apartments in 2023

Estimated value of properties sold in 2023 based on reservation, real-estate development, and preliminary agreements amounts to PLN 278 million, while the estimated recognized sales value in the Group’s financial results for 2023 will amount approximately PLN 320 million. Consequently, the property development segment of the DEKPOL Group has achieved and exceeded its goals set for 2023, including sales of 430 apartments and revenue recognition at the level of PLN 308 million.

As of the end of December 2023, sales offering of Dekpol Deweloper included 740 apartments.

– We are very satisfied with sales results and flats handover in 2023. Enriching our offering with new projects, combined with an improvement in the overall real-estate market position, has translated into dynamic growth in our sales in the second half of the past year. As a result, we not only achieved but significantly exceeded operational goals we set for ourselves in 2023, approaching the record level of contracting that we achieved in 2021.

As we indicated throughout the year, both premium and popular segment investments are selling well. Our strategic decision to maintain a rich and diversified portfolio brings expected results. We have a response to the needs of cash customers investing their capital, as well as customers leveraging credit to buy their first homes. In this regard, we continually enhance our offering with additional attractive projects from various segments. As of the end of last December, we had 740 apartments available for sale. We have added new projects to our portfolio, including the Granaria investment in Gdańsk on Spichrzów Island. We anticipate significant interest from clients in this unique location, where we successfully sold Grano apartments. Additionally, the beach-oriented Pino Resort, equipped with an open pool, has enriched the offering on Sobieszewska Island, proving to be a hit among our customers.

We are continually expanding our bank of land, particularly enlarging areas of investment where we are confident that our clients will have an interest – it was so when we acquired land in the vicinity of the Sol Marina investment. We are analyzing the market for further expansion of our bank of land. The availability of land has been a challenge for our sector for several years, but there are emerging signals of potential activation of real-estate resources under jurisdiction of government or local authorities, which could have a favorable impact on possibilities for acquiring of plots and entering into various types of contracts for residential projects.

While analyzing macro data, demand trends, as well as initial information regarding potential replacement for the current “Bezpieczny Kredyt 2%” loan support program, we anticipate that 2024 will also be a very good year. Therefore, we are setting ourselves additional ambitious goals: to sell 650 apartments based on reservation, real-estate development, and preliminary agreements and to achieve revenues of around PLN 400 million. This will include, in particular, sales of approximately 500 apartments recognized in financial results and revenues from investment projects in Wrocław on Braniborska Street. – says Sebastian Barandziak, CEO of Dekpol Deweloper.

Management Board of Dekpol S.A. stipulates that none of the above statements regarding the future should be construed or interpreted as a guarantee or assurance by the Company or entities within the Dekpol Capital Group that such events will occur, and that the specified sales goals mentioned above will be achieved.

Contact for media:

Katarzyna Sadowska

cc group katarzyna.sadowska@ccgroup.pl

tel. +48 697-613-020

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Dekpol Capital Group is dynamically developing in construction and property development industry as well as in production of accessories for construction machines. The company was established in 1993. It owns a modern machine park and highly qualified staff. From the beginning of its business activities, it has ambition and determination to further dynamic development with usage of modern technologies. Business activities of the Dekpol Capital Group are based on three main segments. General Contracting services provide the largest share of the Group’s revenues. The offer covers a very wide range of activities. The company has extensive experience in implementation of industrial, logistic, commercial, public, sports and recreational facilities, as well as environmental protection facilities. It also carries out road, sanitary and hydrotechnical works. The company has an established leadership position in Northern Poland and is one of the largest general contracting companies for cubature facilities on a national scale. In turn, Dekpol Steel, the part of the Dekpol Capital Group, is a manufacturer of buckets and accessories for construction machines. It cooperates with the world’s largest manufacturers of construction machinery. The products are sold to Norway, Sweden, Germany, the USA and Great Britain, and even to Morocco and Australia. The third dynamically developing segment of the Dekpol Capital Group is the property development activity, which, from the beginning of 2019, as a part of Dekpol Deweloper Sp. z o.o. offers flats, apartments and commercial premises. Since January 2015, the shares of Dekpol S.A. are listed on the Warsaw Stock Exchange.

More information available at: https://dekpol.pl/