SGI expands Warsaw housing offerings after bond issuance

Warsaw's real estate market is the exclusive focus for SGI, a family-owned company that recently bolstered its financing capabilities with a 60 million Polish zloty bond issuance. The company, which debuted on the Catalyst market in July, placed its bonds in December 2025, aiming to diversify funding sources and capitalize on investment opportunities in Poland's capital.

"SGI is a family company, and brokerage houses have long suggested we enter the debt market," said an SGI representative. "The goal was to diversify our financing sources so we could react to emerging investment opportunities. In the Warsaw market, we compete for land with the largest developers, and by acquiring additional capital, we can secure our land bank and finance project costs."

The bond issuance was a strategic move, initially planned for a smaller sum but expanded due to the company's strong balance sheet. The success of the issuance, evidenced by a low margin and high reduction rate, signals investor confidence. These funds will support the acquisition of prime land in Warsaw, a city where SGI has concentrated its development efforts since a strategic decision years ago.

SGI specializes in larger apartments, with an average size of 65 square meters and a price point of 1.2-1.3 million Polish zloty, targeting a different customer segment than high-volume developers. The company anticipates selling approximately 300 apartments in 2026 and aims for 400 units in 2027, projecting a total annual sales capacity of 450-500 units. While currently focused on multi-family housing, SGI also offers exclusive villas in Wilanów priced between 3.6-5.5 million Polish zloty.

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SGI is a family company, and brokerage houses have long suggested we enter the debt market. The goal was to diversify our financing sources so we could react to emerging investment opportunities. In the Warsaw market, we compete for land with the largest developers, and by acquiring additional capital, we can secure our land bank and finance project costs.