Immofinanz Strengthens Presence in Poland

Today, Immofinanz Group officially started construction on the Dębowe Tarasy Residential Estate (Phase III) in Katowice with a well-attended cornerstone laying ceremony that also included Piotr Uszok, Mayor of Katowice, as honourable guest. Development activities will be carried out by BUWOG International, a subsidiary of Immofinanz Group, specialised on residential development projects. Completion is scheduled in 2013. The total investment amounts to € 21.7m.