Matexi Polska anticipates a substantial expansion in operations this year, aiming to achieve record revenues of approximately PLN 500 million, driven by an expected increase in the transfer of completed apartments. The company also plans to achieve its highest-ever sales of nearly 500 apartments and prepare over 400 units within the Private Rented Sector (PRS). In 2024, Matexi Polska, which operates in Warsaw and Kraków, sold 318 apartments, a decline from 461 in 2023. The company handed over 282 apartments to buyers last year. Despite the challenging market environment, including high loan costs and limited government support, Matexi launched five new projects—three in Warsaw (Wolot Wola, Żelazna 54, and XYZ Place) and two in Kraków (Port Departments and Lirników Takt). These projects resulted in development agreements valued at nearly PLN 400 million, reflecting only a 10% decline compared to 2023. “We positively assess 2024. Key markets in Warsaw and Kraków maintained a balance between demand and supply, and property price increases aligned with inflation levels,” said President Mirosław Bednarek. He highlighted the company’s resilience and the trust of its customers in the Matexi brand despite demanding market conditions. In 2024, Matexi Polska invested nearly PLN 200 million in acquiring new plots in Warsaw’s Mokotów and Wola districts, as well as Kraków’s Podgórze Duchackie. The company plans to focus on securing building permits for these locations in 2025 while continuing to expand its market presence. Looking ahead, Matexi Polska is optimistic about a potential recovery in the primary real estate market, spurred by anticipated reductions in interest rates, which could boost mortgage accessibility. The company also expects increased activity from institutional lease funds. In 2025, Matexi plans to sign nearly 500 preliminary and development contracts with individual clients and deliver over 400 units under the PRS model. Its land bank currently includes projects for more than 3,000 apartments, including flagship investments such as XYZ Place and Splot Wola, solidifying its position as a market leader in Poland. “We are planning further land acquisitions in metropolitan areas and expect an acceleration in the transfer of completed premises, which will significantly boost our revenue,” Bednarek added. Matexi Polska is the Polish arm of Matexi Group, Belgium’s largest residential development company, with a portfolio exceeding 35,000 completed projects. Operating in Poland since 2010, Matexi Polska has established itself as a key player in the country’s real estate market. Source: Matexi Polska and ISBnews Photo: Takt-Lirnikow, Lirników Street in Krakow's Duchacki Podgórze district by Matexi Polska