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5th Avenue Holding: a New Connect debut and a new office building in the pipeline

In February, 5th Avenue Holding S.A from Warsaw debuted on the New Connect market. At the opening of trade its shares gained 1.18 percent and were worth PLN 1.72. In the private offer, investors purchased shares for PLN 1.7 per one. The gathered capital will be used by the company to purchase land for a new investment – Sky Office Center.

“We are very satisfied from our debut. Investors trusted us and appreciated our business model. Today’s increase in the share value shows that the commercial real estate industry has a huge development potential,“ says Jakub Robel, CEO at 5th Avenue Holding SA.

Almost PLN 7 million were acquired under the entire offer. The capital gathered by the holding was allocated to purchasing land for the newest project - Sky Office Center, situated near the Warsaw’s Galeria Mokotów, which the company wants to realise till the middle of the next year.

5th Avenue Holding is a capital group which consists of five companies. Holding successfully operates in the real estate sector, focusing on investing in commercial real estates of A and B+ class. The company purchases lands, deals with construction of buildings and finishing them off, commercialisation, asset management and subsequent sale of the real estate.

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