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 th