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POLAND

ALPHA GRISSIN operates in Poland via its subsidiary ALPHA KRAKOW DEVELOPMENT , which concluded in September 2010 the construction of “Garden Residence” residential building, in Krakow- Poland. The 63,000 m2 building (of which 38,011 m2 are above ground level) consists of 451 apartments, with 534 parking spaces, 2.150 m2 fitness area, and 1.700 m2 of commercial space.

The upgraded style and modern character of the building’s apartments are expected to shape new conditions for the residential market of Krakow, meeting the increasing needs arising for high-specification residential buildings. Approximately 80% of the residential apartments had been sold, and 85% of the commercial spaces had been rented out, by the end of 2015. Within 2016-2017 the company expects an increase in cash flow through the delivery of apartments and the recordings of profits.

At Mogilany district, 12km south of Krakow ALPHA GRISSIN via its subsidiary ALPHA MOGILANY DEVELOPMENT holds a plot of 299,000 sqm, where a complex of single-family houses together with commercial spaces, will be developed.

The unique location together with the existing infrastructure gives the project a competitive advantage in the market.