Immofinanz Strengthens Presence in Poland
The Austrian real estate group realises first own residential development project 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.