Fundamental to success

The year so far has seen several high-profile debuts of real estate companies on the Warsaw stock exchange, as well as a number of take-overs of developers and construction companies. Then along came the crash on the US sub-primes market. ‘Eurobuild Poland’ asked one of the people close to the centre of all this action to tell us what might happen next: Karol Półtorak, deputy director of UniCredit CA IB Polskaz Nathan North, ‘Eurobuild Poland’: How has the recent crash on the US sub-prime mortgages market impacted on the performance of the shares of the newly-listed real estate companies in Poland? Karol Półtorak, UniCredit CA IB: Obviously, companies on the stock exchanges have experienced dramatic drops, and real estate companies have been no exception: LC Corp’s shares are currently below their issue price, leading to some unease amongst stock exchange investors. However, LC Corp and other companies have raised capital for further growth and from this angle their share