Erbud to build Szucha Premium Offices

Real estate developer Erbud has signed a deal for a building demolition and the construction of Szucha Premium Offices in Warsaw. The value of the deal stands at PLN 41.28 million. The investor is GPG Corner – Green Property Group. "According to the agreement, Erbud will demolish the existing building and will construct a seven stories office building with an adjacent three stories part and an underground car park. The project is scheduled to be finalized in September 2016," the press release reads.Currently, Erbud is carrying out office space projects worth PLN 354.7 million, which accounts for 22.6 percent of the company's portfolio.