The Management Board of DEKPOL S.A. ("Company") informs that on July 6, 2017, the Company received a legally valid decision on the construction permit for a multifamily residential building with a built-in garage in Gdańsk at ul. Dolne Migowo (stage II of the Young Morena investment). Br> As part of the second stage of the investment, the Company plans to build 113 apartments with a total usable area of approximately 5,932 square meters. The estimated value of revenues earned by the Company from the implementation of the second stage of the investment is approximately PLN 36.4 million net. The first premises will be put into use in the first quarter of 2019, and the implementation of the entire stage will be completed in the second quarter of 2019. br> The project will be implemented entirely by the Company, and the investment outlays will be financed with the Company's own funds, however it is not excluded partial financing with foreign capital. br>
Source: company website, investor relations, current and periodic reports.