Polish developer Rank Progress has decided to buy-back up to 10 percent of its shares and is budgeting PLN 50m in order to do so. It expects to acquire the shares for a price not lower than PLN 1 per share, but less than PLN 40 per share. The buy-back program could take up until 2015. Rank Progress is one of the leading retail developers in Poland, with projects across the country. The company recently announced its latest purchase of a plot located in the city of Olsztyn for PLN 16.5m to build a regional shopping center.
