Mostostal Warszawa with a contract for three residential buildings in Wola in Warsaw
17 September 2018 Mostostal Warszawa and Ordona 1 Sp. z o.o. signed a contract for the construction of a complex of three residential buildings in Wola in Warsaw. The contract value is PLN 73.39 million gross.
- Mostostal Warszawa has a diversified project portfolio. We carry out projects in the field of energy, industrial, infrastructure, environmental protection and cubature construction. I am glad that we will work on the next contract from the last category - says Jorge Calabuig Ferre, Vice President of the Management Board of Mostostal Warszawa.
The project includes all construction works necessary to build a complex of three residential buildings with commercial premises and underground garages, along with accompanying infrastructure. The works will include the execution of external works on the property, related to, among others, works with terrain, construction of inter-residential networks (water supply network, sanitary sewage network, rainwater drainage network, telecommunication network, land lighting network, heat network with heat center, power grid), electrical power installations, telecommunications and sanitary installations.
The buildings will be located at Ordona st. 5D, 5E, 5F in Warsaw.
- Contract for the residential buildings at Ordona st. in Warsaw is another contract in recent years that we will carry out for Polski Holding Nieruchomości. We feel satisfaction because of the customers who come back to us with new projects - says Maciej Sasak, Director of the Central and Northern Departments in Mostostal Warszawa.
Ordona 1 Sp. z o.o. is part of Polski Holding Nieruchomości (PHN). PHN is a leading investor and manager on the commercial real estate market in Poland. It is one of the largest companies in the sector in terms of the market value of the portfolio. PHN's activities are concentrated in Warsaw and the largest cities in Poland, including Poznań, Gdańsk, Gdynia, Łódź and Wrocław. Since February 2013, the company has been listed on the Warsaw Stock Exchange.
At present, Mostostal Warszawa is executing a contract for PHN - the first stage of the Vis a Vis Wola estate. The Vis a Vis Wola will be located at Al. Prymasa Tysiąclecia 83 in Warsaw.
Details of the contract
Contract value: PLN 73.39 million gross
Completion date: 104 weeks from the construction site transfer date
Payment term: 30 days from the date of receipt of the invoice
Maximum warranty period is 15 years for the construction of the facility
Good performance security: 5% of the contract value