Erbud to cooperate with Echo on housing complex building

Erbud S.A has reached a deal with Echo Investment concerning the second stage development of the housing complex on ul. Spiska in Kraków. The project is valued at PLN 29.15 million net, Erbud reported. The contract stipulates building a housing complex with the necessary external and street infrastructure, as well as an underground car park. The works will start in August 2016 and end in May 2018. The companies have already worked together on the Kościuszki Apartments in Kraków, among others. Erbud Group operates as a developer in housing and commercial estate, as well as the energy sectors in Poland and European countries. It has been listed on the WSE since 2007, its 2015 revenues were reportedly at PLN 1.763 billion.