Tacit Development S.A. – a new capital group in the developer market

Holding Tacit Development S.A. – a newly formed capital group with Michał Borowski as its president.

The holding includes:

– Tacit Development Sp. z o.o

– Plac Katedralny Sp. z o.o

– Jasnier S.A.

The Group’s equity amounts to PLN 117 million. The most important Warsaw investments of the Group include Cosmopolitan Twarda 4 apartment building at Grzybowski Square, an apartment building at Podchorążych Street, an offices and logistics centre at Bokserska 64, and a four-star hotel at Katedralny Square in Wrocław. In addition, the capital group, which includes the Tacit Development S.A. holding, possesses also, among other things: Hotel Rialto at Wilcza Street and an exclusive sports club Sinnet at Gołkowska Street. Tacit Development S.A. is a real estate development company that invests in real estate on the basis of the company’s capital, shareholders’ funds and external financing. The value of assets in 2014/2015 is estimated to amount to more than PLN 1 billion.