Murapol Group Results for Three Quarters of 2023

  • 3,080 premises in 15 cities handed over to retail customers and for PRS – an increase of over 16% y/y.
  • Net sales to retail customers and for PRS at the level of 2,478 units, of which 2,229 to retail customers compared to 2,215 in the analogous period of 2022.
  • A wide range of apartments and investment flats available to customers – nearly 3.2k units on offer as of September 30th, 2023.
  • An expanded portfolio of projects in progress, encompassing over 6.5k units in 64 buildings in 15 cities as of September 30th, 2023.
  • A large and regularly renewed land bank for the construction of over 20.6k units as of September 30th, 2023.


Net sales to retail customers by Murapol Group, realized over the course of the three quarters, totaled 2,229 units (developer’s contracts, preliminary agreements, and paid reservation agreements, after eliminating cancellations). In the 3rd Quarter alone of 2023, Murapol Group signed with retail customers 887 developer’s agreements, preliminary and paid reservations (after eliminating cancellations) compared to 825 in 3Q 2022. Furthermore, the developer made sales in the PRS segment (for institutional rental of premises) 249 units in the design&build format, which gives a total of net sales at the level of 2,478 units over three quarters of 2023 compared to 2,789 in the analogous period of 2022.


From January to September 2023, Murapol Group handed over 3,080 units compared to 2,649 in the analogous period of the previous year. Retail customers were handed keys to 2,234 apartments, compared to 2,205 units handed over in the analogous period of the previous year (an increase of 1.3%). In addition, 846 units were handed over for PRS/PBSA in 2023, compared to 444 a year earlier.


Over the course of the nine months in 2023, Murapol Group introduced 2,615 residential units to the market in 12 cities, including Poznan, Gdańsk, Krakow, and cities within the Silesian agglomeration. The new offer includes apartments and investment flats designed in both new real estate projects and subsequent stages of already implemented investments. As of September 30th, 2023, Murapol Group’s offer included approximately 3.2k units in 15 cities.


As of September 30th, 2023, the Murapol Group’s portfolio of projects under construction comprised 6,543 units in 64 buildings being built as part of 34 projects in 15 Polish cities.


Murapol Group is steadily renewing and expanding its active land bank. Only in the first half of 2023, it obtained permissions to build over 5.1k units on land in Gdańsk, Łódź, Kraków, Wrocław, Chorzów, Gliwice, Toruń and Bielsko-Biała. As of September 30th, 2023, Murapol Group had an active land bankfor constructing over 20.6k apartments in 17 cities.

“We are pleased to sum up the past three quarters of 2023, which confirm the stabilization of the operational results of our activity. This is due to our efficiency in executing each stage of the investment process fully integrated in the organization, from land acquisition and obtaining construction permits to production and regulation of procedures finalizing real estate projects. The presented operational parameters show that we have developed each stage of the investment process simultaneously in several dozen locations. Such a scale of geographically diversified activity is possible only in a mature organization, with a proven and scalable business model that has been successful for years. It is also a result of flexibility in action and ability to see market opportunities. – says Nikodem Iskra, CEO of Murapol S.A. – Our advantage, confirmed by stable sales results, is also a product strategy based on the universal offer, i.e. compact premises that meet the needs of the widest segment of the market, available in several dozen cities throughout Poland. – adds Nikodem Iskra.

Over more than 22 years of operation (until September 30th), Murapol Group has completed 81 multi-stage investments, in which 411 buildings were created, comprising a total of around 27.2k units with a total usable area of over 1.21 million sq.m.