– Stable sales to retail customers (development and pre-development contracts) – confirmed by a strong position in the industry by repeating last year’s result. Indeed, the Group sold 2,783 units to retail customers in all of 2022, which is almost 100% of the y/y result.
– Continued competence support and fruitful cooperation with the leading investor, global fund ARES in the complementary PRS sector – sales of 664 units in the design&build formula and 688 handovers in this segment.
– Total sales in 2022 by the Murapol Group thus amounted to 3,447 residential units (retail and PRS clients).
– Consistency in proven business strategy – compact and modern apartments in the broadest market segment, affordable housing, nationwide operations (residential offer in 15 cities in 2022) and a vertically integrated business model.
– Large and regularly renewed land bank for the construction of nearly 19,300 units.
– Annual key handovers (retail and PRS customers) at a total of 3,341 residential units.
– Murapol Group introduced 2,631 new apartments in 10 cities in Poland throughout 2022.
HOUSING SALES
In 2022. The Murapol Group sold (development and preliminary contracts) 2,783 residential units to retail clients, which is an excellent result against the industry, and above all demonstrates the Group’s sustainable growth and its resilience to economic turbulence – a repeat of the result from 2021, an economically stable year (as the change is only -0.9%). The result shows that the Murapol Group’s business model and product offer – aimed at the widest market segment and affordable – are exceptionally resilient to the crisis compared to the market.
PRS SEGMENT
Murapol Group continues its cooperation with its leading global investor ARES Fund in the complementary PRS sector, to which it sold 664 units in the design&build formula in 2022.
TOTAL SALES in 2022 by the Murapol Group thus amounted to 3,447 residential units (retail and PRS clients).
TRANSMISSIONS
Between January and December 2022, the Murapol Group handed over the keys to 3,341 residential units, including 2,653 for retail clients and 688 for PRS.
LAUNCHES
In the past year, Murapol CG introduced 2,631 residential units to its offer. Apartments offered in 7 new residential projects in Gdansk, Wroclaw, Lodz, Poznan and Tychy, as well as in further phases of real estate projects already under construction, including those in Warsaw, Poznan, Krakow, Torun and Bydgoszcz, went on sale.
NUMBER OF APARTMENTS UNDER CONSTRUCTION
As of December 31, 2022, the Murapol Group’s portfolio of projects under construction included 6,212 units in 62 buildings under construction as part of 19 projects in 10 Polish cities, including 1,699 units for the PRS/BPSA segment.
EARTH BANK
At the end of 2022. Murapol Group had an active land bank for the construction of nearly 19.3 thousand units, which can be divided according to two categories – the criterion of ownership and investment stage:
– nearly 8 thousand units will be built on land owned or held in perpetual usufruct by the Group, and more than 11.3 thousand units on land covered by conditional preliminary agreements,
– more than 4.9 thousand units are under construction and nearly 14.4 thousand units in the pipeline.
Potential number of units
Under development – 4 939
In preparation – 14 357
Total – 19 296
Ownership/perpetual usufruct – 7 977
Preliminary agreements – 11 319
Total – 19 296
Of the 19,300 units included in the active land bank as of December 31, 2022, about 17,000 units are dedicated to retail customers, while about 2,300 units are dedicated to the PRS segment under the design&build formula.
“It is with satisfaction that I share with you the results of the Murapol Group for 2022 – the chosen product and business strategy bore fruit in the form of repeating the operating result of sales of our apartments to retail customers from the much more favorable, in terms of market conditions, year 2021. We positively distinguished ourselves from the industry. The collapse of the mortgage market and other macroeconomic and geopolitical events affected the Murapol CG the least. The main pillars of our success in such a challenging time are 22 years of experience and aptly chosen long-term goals. – says Nikodem Iskra, President of the Management Board of Murapol SA – We are currently building more than 6.2 thousand units in about 60 buildings in 10 Polish cities. Last year we introduced more than 2.6 thousand apartments to our offer. We are also invariably active in the field of land acquisition, so as to secure our potential for the future. In the beginning of the year, we plan to put more apartments at our customers’ disposal, both in new projects and in the next stages of projects already underway,” Nikodem Iskra adds.
In nearly 22 years of operation, the Murapol CG has completed 78 multi-stage investments, as part of which 380 buildings were constructed, covering a total of more than 24.7 thousand premises with a total usable area of more than 1.1 million sqm.
Source and images: Murapol Group
