The Polish construction group Unibep wants to go public with its development business within the next two years. Unidevelopment is set to launch its IPO on the Warsaw Stock Exchange on Jan. 2, 2014. “We consider the date optimal, as we will have a whole year to reorganize our structures,” said Jan Mikołuszko, head of Unibep. “We will be waiting for a better market to issue shares and for new investments.
Unibep recently started selling off two of its residential development projects in Warsaw and Poznań, totalling 340 flats. The projects will break ground next year. Unibep plans to break ground on its first office project in Warsaw in March. Worth PLN 97m, the building will be acquired by Kredyt Bank.
