Locked content Budimex with PLN 159 mln Q4 net profit

WSE-listed builder Budimex posted PLN 159 million attributable net profit in Q4 2016, up by 113% year-on-year and PLN 1.45 billion in revenues, the firm said in market filing. The results are in line with preliminary results posted in mid February. The value of contracts signed in 2016 period reache...

Budimex Q4 profit 47% up

Budimex reported a consolidated net profit of PLN 110 million for the fourth quarter of 2016, a 47 percent increase (PLN 35 million) over the corresponding period of the previous year, the company stated in a press release.

Bank financing for Retro Office House in Wrocław

A subsidiary of developer LC Corp has secured €23.7 million in bank financing from mBank Hipoteczny to finance the construction of its ongoing Retro Office House office project in Wrocław. The scheme is being developed at the intersection of ul. Piłsudskiego and ul. Komandorska near the downtown of ...

Budimex with three road contracts in Białystok

Builder Budimex has secured three contracts for the construction of roads in the city of Białystok in eastern Poland, which are valued at a total of more than PLN 367 million. The Białystok authorities have commissioned the company to build two stretches of Trasa Niepodległości for PLN 140.76 millio...

Budimex secures PLN 336 mln hospital contract in Toruń

Investor Kujawsko-Pomorskie Inwestycje Medyczne, a special-purpose vehicle of the local government in the Kujawsko-Pomorskie Voivodship, has commissioned a consortium of construction companies Budimex (acting as the leader with a 95 percent stake) and Ferrovial Agroman to modernize and expand the Pr...

Locked content Budimex, Mostostal Kraków to lead building of new pipeline

A consortium of two of Poland’s largest construction companies will build a new gas pipeline linked to the LNG terminal in Świnoujście, according to a Monday press release. The project, which is valued at PLN 78.5 million (gross), will be executed during the coming 19 months. “The scope of work incl...

Asbud launches Grzybowska 85 in Warsaw

Developer Asbud Group has launched construction work on its Grzybowska 85 residential project in Warsaw, with builder Budimex acting as the general contractor for the scheme. The investment is located on ul. Grzybowska in the Wola district and will comprise a total of 501 apartments. So far, Asbud h...

Locked content Budimex lands two contracts worth over PLN 285 mln

Listed builder Budimex submitted a winning bid for road construction (second and third stages) in the city of Białystok, the company informed in a market filing. The total value of both agreements stands at PLN 285.9 million. The builder has to finish the works within 21 months from the signing of c...