Budimex to build more homes in Kraków

Budimex Nieruchomości began the construction of its new housing project, Nowe Czyżyny in Kraków, ISBnews reported. The net value of the project is around PLN 300 million and includes 1374 residential units nearby the former Czyżyny airfield, east of central Kraków. The project is financed by Budimex's own capital and is scheduled to be finished by 2016. The Avia neighborhood, which is situated on land owned by Budimex has already seen the purchase of 287 residential units, of which roughly half have already been built. Ultimately, Budimex has space for up to 3500 units at this location. Budimex group is listed on the WSE since 1995. Its strategic investor, Ferrovial, hails from Spain. It is one of the largest construction companies in Poland.