Eiffage to construct Mennica Residence for PLN 60 mln

Eiffage Polska Budownictwo has signed a contract with Mennica Polska for the construction of a housing estate in relation to the first stage of the Mennica Residence scheme on Żelazna street in Warsaw. The cost of the deal stands at PLN 59.4 million plus VAT. All construction work is due to be completed by September 1, 2017, a statement read. In mid-March, Mennica introduced 188 apartments in Mennica Residence. In total, the company plans to launch 470 apartments by the end of 2017. Mennica Polska is Poland’s and Europe’s leading coin producer, which has been dynamically involved in the real estate segment. It owns a 27-ha building plot in Warsaw’s Żerań district, as well as other building plots in Annopol and in the city center. Eiffage Polska Budownictwo is a general contractor.  Since 2001 the company has been a part of French Eiffage, one of the largest construction groups in Europe.