In a step aimed to expand its revenue, one of the biggest contractors on the Polish construction market, Mirbud, has sealed an acquisition of Expo Arena in Ostróda. The income-generating asset has changed hands for PLN 8.5m. Mirbud was the project’s general contractor. The arena, offering 40,000 sqm of commercial space, is the biggest of its size in the northeastern Poland. Its annual income is estimated at between PLN 20m and PLN 25m, with a profitability of between 10 percent to 15 percent.
This year alone there were 30 events booked at the arena. “We expect that with the opening of the second outlet hall, which will add another 20,000 sqm of new outlet space, Expo Arena will attract more income,” said Piotr Oraczewski, president of Expo Arena.
