Capital Park posted a net profit of PLN 27.4m at the end of last year, after slipping into the red in 2012. Despite this, revenues for the company shrank in 2013 by 6 percent year-on-year to PLN 38.8m. Meanwhile, the developer’s net asset value rose in 2013 to PLN 974m, up from PLN 737m in 2012. The value of the Capital Park portfolio increased last year by 12.2 percent to PLN 1.394bn from PLN 1.242bn in 2012.
Capital Park has launched a first dividend fund for the Polish real estate market, which helped the company raise PLN 63.7m from Polish investors. The company said the notes will be introduced on the Warsaw Stock Exchange.
