Budimex with PLN 126 mln deal with Dom Development

WSE-listed builder Budimex signed a PLN 125.9 million net deal with listed real estate developer Dom Development for building the second phase of residential project Marina Mokotow II in Warsaw, the companies said in market filings. The construction will be launched at end-August this year and will finish by end-June, 2020. The project will have 430 apartments and 14 retail outlets. Furthermore, both sides signed an addendum to the contract for the first phase of the aforementioned project. Under the new deal, Budimex will receive PLN 112.2 million net to build 306 apartments and 13 retail outlets. The construction is scheduled to start in Q2, 2018 and be concluded by end-2019.