Brief: CeMat To Invest In Residential Project In Warsaw

Cemat A/S

24/08/2023 12:48

Aug 24 (Reuters) - Cemat A/S  CEMAT.CO :
    * LAUNCHES DEVELOPMENT INVESTMENT IN A RESIDENTIAL BUILDING
WITH
GROUND FLOOR RETAIL
    * TOTAL SALES VALUE OF APARTMENTS AND RETAIL SPACE IS
EXPECTED TO
BE TO BE AT LEVEL OF DKK 150 MLN 
    * CONSTRUCTION WORK ON RESIDENTIAL PROJECT IS SCHEDULED TO
BE
COMPLETED IN Q2 OF 2025
    * FOLLOWING PRE-DEVELOPMENT ACTIVITIES, CO MADE DECISION TO
COMMENCE COMPANY'S FIRST RESIDENTIAL BUILDING PROJECT
    * PROJECT IS NOT EXPECTED TO HAVE EFFECT ON FINANCIAL
RESULTS IN
2023
    * IMPACT OF MOJE BIELANY PROJECT ON COMPANY'S RESULTS WILL
OCCUR
IN 2025
    * CONSOLIDATED EBITDA FOR CEMAT GROUP IS EXPECTED TO BE DKK
4-5
MLN IN 2023

Source text for Eikon:  ID:nGNE9SSTn9 
Further company coverage:  CEMAT.CO 

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