Unidevelopment to build 33,000 sqm of apartments in Warsaw

Development firm Unidevelopment, a subsidiary of the Unibep capital group, has signed an agreement with a company called Polpain-Putka to build a residential estate in Praga Południe in three phases. Each of the stages will be carried out by a separate SPV, with Unidevelopment holding 51 percent in the SPV. The entire estate will comprise 33,000 sqm. “Company Unidevelopment will be responsible for carrying out the investment, supervising the project, launching sales and marketing campaigns, project management and obtaining bank financing and financing guarantees,” Unibep said in a statement.