IK opts for housing

So far, the company's major focus was constructing and modernizing buildings and structures within the environmental protection sector. Recently the company signed its first development contract. A housing estate called Osiedle Śliczna will be built on land owned by Instal Kraków. The development will consist of four eight-storey buildings and three underground car parks. The project's contractor is a state-owned company, Chemobudowa Kraków, which will be paid zł.28.5 million for completing the scheme. The project is scheduled for completion by the end of next year. Instal Kraków hopes that developing its own residential project could help boost the company's results.(Real Estate Newsletter)