BBI signs development agreement for Złota 44

BBI Development has signed a development agreement for the Złota 44 residential project in Warsaw, the company said in a statement on Friday. Pursuant to the agreement, the company is obliged to manage the almost completed investment, choose a general contract, sell apartments and commercialize retail space. In exchange it is entitled to a developer premium. The Złota 44 high-rise residential project was originally developed by Orco Property Group. In August 2014, it was acquired by Amstar.