Finding new niches
Investment & financePOLAND Gliwice-based construction and development company P.A. Nova, present on the market since 1987 and on the Warsaw Stock Exchange since 2007, is planning to invest in industrial and warehouse projects as well as the hotel segment. Until now the company has mostly been involved in developing retail projects for external customers as well as its own shopping centres, but it is now adopting a new strategy. This involves the diversification of its operations through the development of industrial plants, warehouse and logistics facilities, as well as economy-class hotels.
Focus on logistics "We have seen a reduction in opportunities for the construction of small retail facilities, such as supermarkets, for external clients. There is only enough work on this market for maybe two or three years," claims Ewa Bobkowska, the president of the board of P.A. Nova. The company is currently carrying out two projects for Kaufland and has five projects in the pipeline. In April P.A. Nova signed a sales agreement with a net value of PLN 21.9 mln to hand over a retail facility to Kaufland Polska Markety. The deal finalises a preliminary agreement concluded by the parties at the end of October 2011. The company has also been awarded a contract for the construction of a store for the Aldi chain. "We have decided to extend our operations into the logistics market because we see a niche there. We would like to be involved in the construction of smaller facilities to order, but we will also build our own halls to be leased and sold," adds Ewa Bobkowska. The company has ju
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