Erbud finalizes PLN 535 mln deal on Galeria Młociny

Polish construction group Erbud received a summons to start work on the Galeria Młociny shopping mall in Warsaw from its investor, Berea, the company informed in a market filing. The value of the agreement stands at PLN 534.6 million. The construction works are to be launched on October 1, 2016 and must be finished within 27 months. Galeria Młociny will offer 70,000 sqm of leasable space, 220 shops and 2,000 parking places. It is set to be completed in 2018. Erbud is one of the top five building groups on the Polish market. It has been listed on the WSE since 2007.