Briefs

Acciona taking stock

Spanish firm Acciona, a major investor in the Polish construction company Mostostal Warszawa, increased its influence on one its Spanish competitors, FCC. Acciona announced that it now owns more than 15 pct of the company but doesn't plan to make an offer to other FFC shareholders for their stock.

Okęcie II delayed?

Budimex, Ferrovial and Estudio Lamela, the consortium that is to develop the new terminal at Warsaw's Okęcie airport, is attempting to push back the project's delivery date according to the Polish daily Rzeczpospolita. The investor, Przedsiębiorstwo Państwowe Porty Lotnicze denies this, admiting, however, that small changes to the plan have been negotiated. In the original agreement signed with the consortium, Terminal II was to be delivered by Autumn 2005. Unfortunately, the constructors only received the building permit in February 2004. Accoring to Budimex this makes delivery impossible before October 2006.

Building a 'Beta' office

Hydrobudowa Grunt-Bud will be the investor and Hydrobudowa-6 general contractor for Office Park Domaniewska in Warsaw. 'Beta', as the first of the two buildings is named, will offer ca. 10,000 sqm of office space. Construction is expected to finish at the end of 2005. Commencement of 'Alpha' will start when tenants have been found. The two buildings will have a total of 20,000 sqm of office space, 260 parking spaces internally and another 175 in front of the complex.

JW Construction goes east

Kołomna, a town of 150,000 inhabitants, near Moscow, is to be the location for the first foreign investment by JW Construction, a Polish developer. The project consists of 8 residential buildings of 6-9 floors each. The total area of the development will be 68,000 sqm. JW Construction is one of Poland's biggest residential developers. In the last 12 years the company has built 300 houses and 13,500 flats in Warsaw and its surrounding region.