Report
Adrian Kowollik

Update on the Polish real estate developer CPD S.A.

CPD S.A. is a Polish real estate developer, which operates in the residential and commercial segment.

Underlying
Celtic Property Developments S.A.

Cpd Sa. CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.

Provider
East Value Research
East Value Research

​We are a leading, management-owned research boutique with a focus on companies from Emerging Europe. Our role is that of an intermediary between companies on the one hand and investors on the other. Our research products are directly distributed to more than 200 mutual and pension funds, family offices and independent asset managers from Central and Eastern Europe, the German-speaking region, Scandinavia, France and UK. In addition, we publish our reports on platforms such as Bloomberg, Thomson Reuters, Capital IQ and PAP, thus ensuring that they are available to institutions from around the world. By organising roadshows and conferences, we provide investors with direct access to corporate decision makers. Our team consists of professionals with long capital market experience in both Western Europe and the CEE region.

Analysts
Adrian Kowollik

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