Posella increases its stake in Budlex SA to 12%

Posella Limited (“Posella”) announced today that it has increased its stakes in Budlex SA, a leading Polish residential developer to 12% of capital. Budlex SA is among the country’s top20 developers, with a focus on high potential cities: Warsaw, Toruń, Bydgoszcz and Olsztyn. “Our increased investment in Budlex is part of a transition from commercial to residential real estate. We believe that this is the most interesting segment in terms of future trends and value creation. Budlex is a prime asset with a very strong management team and solid investor base” – commented Jacek Olechowski of Posella Limited