Spółka FS NIERUCHOMOŚCI S.A., realizuje zasady Ładu Korporacyjnego i Compliance (ZŁKiC), poprzez realizacje wdrożenia programu  ZŁKiC, zalecanego przez głównego akcjonariusza spółki i obowiązującego w grupie spółek kontrolowanych przez MS TFI S.A.

The history of the Lublin-based “FS HOLDING” Spółka Akcyjna (a joint-stock company) company dates back to as far as the 1950s. It was then that this state-owned car manufacturing plant established itself on the map of Lublin. Initially, the plant manufactured “Lublin 51” trucks under a Soviet license. Nearly 8 years later, the Lublin-based factory launched the production of its flagship model – the Żuk. Little do people know, however, that the cars made in Poland were successfully exported to Egypt, to name only one example. This helped the Lublin brand establish its reputation. In fact, by 1973, it had become one of the leaders in the Polish automotive industry, producing almost 40% of all automobiles in Poland!

Established in 1995, a joint venture with Daewoo helped revive these glorious traditions and re-instate Lublin as an economically vital region. Soon Poland's roads began to be frequented by cars that would, in a short time, become symbols of the nation's automotive industry: the Daewoo Nexia (assembled in Lublin since 1995), the Musso and the Korando. It was also then that, over a period of several years, the PSA-designed Peugeot 406 was assembled there. As well as assembling whole automobiles, the plant manufactured car parts: springs, wheels and drive axles – all of which would be successfully used by other manufacturers in the country.

Since 1995, the rest of the property that wasn’t used for car manufacturing became the base for the “FS HOLDING” business activities, its strategy being to build a robust holding organisation.

Some of the notable projects that the “FS Holding” Capital Group companies have carried out on the local market in recent years include:


  • the construction of university dormitories at Chodźki and Langiewicza Str. in Lublin,
  • the construction of an office and commercial building complex at Czechowska Str. in Lublin,
  • the construction of residential buildings at Domeyki Str, and also at Partyzantów Str. in Puławy,
  • the overhaul of the old, historic tenement house at Krakowskie Przedmieście Str. in Lublin.


In 2004, the company merged with Lubelskie Przedsiębiorstwo Przemysłu Drewnego (the Lublin Timber Industry Company, LPPD). What proved pivotal, though, was the decision in 2007 to commercialise and convert LPPD into an entirely public company (a company wholly owned by the State Treasury). This later resulted in the State Treasury transferring “FS HOLDING” S.A. stock to Agencja Rozwoju Przemysłu S.A. (Industrial Development Agency), which in 2010, placed 85 percent of the stock with Zamknięty Fundusz Inwestycyjny MARS (a closed-end fund).

The remaining 15 percent was granted to the employees.

Management Board of FS Holding S.A.:

Jerzy Sławek - President of the Board:


  • Education: Graduated from the John Paul II Catholic University of Lublin, Faculty of Law.
  • Experience:
    • Since 1998, he has run his own consulting company, which now operates as Kancelaria Prawnicza INLEX Jerzy Sławek, in the capacity of a bankruptcy trustee/supervisor/manager.
    • On 23 September 2008, he was the first person in Poland to be granted a bankruptcy trustee licence. Since then, he has been involved in bankruptcy proceedings conducted by the courts of Lublin, Zamość and Warsaw.
    • Dean of the Polish Chamber of Licensed Bankruptcy Trustees.
    • In February 2011, he was appointed the President of the Board of a company that acted as the trustee in composition proceedings of Stocznia Szczecińska Nowa Sp. z o.o. (the proceedings were closed on 4 November 2011), as well as Stocznia Gdynia S.A., with regard to which, the company has been acting in this capacity to this day.
    • Invited by the Minister of Economy, in November 2011, he represented Poland during the 40th session of the 5th UNICITRAL “bankruptcy law” working group in Vienna and during the 41st session in New York.
    • He is member of the Ministry of Justice Examination Board responsible for bankruptcy trustee licensing examination, and is also member of the Minister of Justice Committee on the Changes in the Bankruptcy and Reorganisation Law.
    • He has dealt with all kinds of bankruptcy proceedings, including arrangement and reorganisation proceedings.
    • Between July 2012 and July 2013, he was Chairman of the Supervisory Board of FS Holding S.A.

Supervisory Board of FS Holding S.A.

- Jerzy Łopatyński - Chairman of the Board
- Michał Kowalewski - Vice Chairman of the Board
- Kazimierz Woźniak - Secretary of the Board
- Zenon Stachowiaki - Member of the Board
- Bożena Sarna-Wysocka - Member of the Board