Briefs
Mitex wins and signs new contract
Polish construction firm Mitex has signed a contract
with property developer TBS Praga Polnoc, to construct a six-storey residential
block on ul. Strzelecka, Warsaw, worth PLN 12 mln, after successfully participating
in a tender. The project, funded by government money, is expected to be joined
by a further project for ul. Zaokopowa.
Bouygues Immobilier's project in Ursynów
French developer Bouygues Immobilier is to develop
an apartment complex on the outskirts of Warsaw, on ul. Rosola in Ursynow.
The project is entitled The Renoir Residence and will have a total area of
13, 290 sqm; its ninety two flats will range from 31 sqm to 106 sqm and will
consist of one to five-room apartments, with a preponderance of those with
three-rooms. The first building is expected to be delivered in September
2003.
The project's target market will be professionals aged 28-40, who the firm
are convinced are eager to become home-owners in Poland. Bouygues Immobilier
see parallels between its experience in Madrid in Spain, where home ownership
has increased dramatically, and Poland, where they claim they are committed
to developing quality but affordable homes.
