Luck on their side

Reuven Havar, general director of Atlas Management Company (the Atlas Estates group):We have projects in four countries in the region, but Poland is the main market for us. In other countries our business policy is currently rather passive, except for Romania where we are planning to launch a residential project on one of our two plots in Bucharest. The 3 ha plot will enable us to build an estate with a few hundred apartments. In Hungary we are focusing on the management of our properties – we are not planning to build anything new at this time. Things are similar in Bulgaria, where we have a small office project. As you can see Poland is the main market for us. So far we have managed to build 1,800 apartments, app. 750 of which we have managed to market and sell in the last five years, i.e. since changes to our shareholding structure and the management board. We have also successfully closed the Platinum Towers project, which was more difficult for the company in business terms