Unibep to build a block of 313 flats in Warsaw

Unibep has signed an agreement worth PLN 70 million with Szczęśliwicka Sp. z o.o. , one of its subsidiary. " The subject of the contract is an investment made at the corner of Szczesliwicka/Bitwy Warszawskiej 1920 streets including building an apartment scheme with 313 flats and services at the ground floor, with an underground garage included." the statement reads. The construction will start in Q3 2016 and end in Q1 2018. The remuneration of the issuer is a flat-rate and amounts to PLN 70 million net.  Szczęśliwicka Sp. z o.o. has recently signed a credit agreement with Bank Zachodni WBK on behalf of which it was given a PLN 89 million loan for developer purposes. Unibep Group operates in segments of housing, industrial building and public building in Poland and Eastern Europe. Last year revenues stood at PLN 1.24 billion.