Cordia aims to achieve almost half of total sales in Poland
In addition to the stable Hungarian performance and international expansion, property developer Cordia plans to sell 745 apartments in Poland this year, which could represent almost half of the group’s combined sales target in all of its markets.
The company, also present in Romania, Spain and the United Kingdom, recently became the sole shareholder of the Polish developer Polnord.
“Our investments in Poland are a key pillar in Cordia’s international expansion process. In the first quarter of 2021, we sold 140 apartments in the Polish market under the Cordia and Polnord brands and we plan to sell 745 apartments this year, which could be almost half. of the Group’s sales in all of its markets. We plan to sell around 750-900 apartments per year, but with our plans to acquire additional land, we expect to be able to achieve sales of over 1,000 units per year in the future ”, said Tibor Földi, Chairman of the Board of Directors of Cordia International. “This market is playing an increasingly important role in our business, alongside the strong Hungarian market, where we plan to deliver 1,800 homes, sell 860 apartments and launch seven new residential developments this year.”
In Poland, Cordia has been active in Krakow, Warsaw and Tri-City (Sopot, Gdansk and Gdynia), and plans to expand to other Polish cities. In the past two months, Cordia has launched three new projects in the country and with the Polnord portfolio it is putting more than 650 apartments up for sale this year.
Earlier this month, the developer announced that it had started selling its first houses in the UK.
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