Newly established Reinhold Polska AB has been provided with SEK 325m through a new share issue. The company’s business concept is to develop and improve real estate in the most expansive regions of Poland.
Family-owned company group Reinhold has today been active on the Polish real estate market for one year. During this time, a number of minor real estate projects have been initiated. This has been a foundation of building competence and enabled the company to establish a business network.
Reinhold Polska, is exclusively focused on real estate development. When the real estate projects have been fully developed the projects will be sold. In the case where favorable market conditions enable Reinhold Polska to make beneficial divestments, the projects will be sold pre-completion. Reinhold Polska’s head office is situated in Warsaw and the company has a local office in Poznan.
Reinhold Polska has an expected average leverage of 75 per cent of the projects; accordingly, the value of the company’s project portfolio will amount to approximately SEK 1.2bn when fully invested. The company’s owners as well as its board of directors intend to list the company’s shares by the time the project portfolio is fully invested.
– With a homogeneous population amounting to 38 million people in an EU country under transformation, we consider Poland a particularly interesting market to operate in as a real estate developer. The need for residential and commercial real estate is substantial and the response from the real estate development market in this part of Eastern Europe has so far been very positive, says Gösta Gustafsson, CEO of Reinhold Polska.
E. Öhman J:or Fondkommission AB was the exclusive financial adviser to Reinhold Polska in connection with the new share issue.
For further information, please contact
Anders Lettström, Chairman of the board, tel: +46 8 8 23 55 25
Mia Stenberg, Head of information, tel: +46 735 11 29 31
Download press release.