Mostostal Warszawa SA

05/05/2021 | Press release | Distributed by Public on 05/05/2021 04:25

Mostostal Warszawa will build another building at Tuwima Street in Łódź

- The residential building at Tuwima Street is another investment in Łódź in which we are involved as General Contractor. After successfully completed in recent years: revitalization of a tenement house and construction of a student house, we are proceeding with an investment in a residential building - says Jorge Calabuig Ferre, Vice-President of the Management Board of Mostostal Warszawa.

The building to be constructed by Mostostal Warszawa is a multi-family residential building with commercial premises on the ground floor, in a shape similar to the letter 'F'. The form of the building is simple - it consists of a lower, 7-storey part along Targowa Street, Tuwima Street and Scheibler Family Avenue and two 9-storey 'towers' located deep inside the plot.

Contract details:

Contract value: PLN 48,340,994.62 net

Completion date: 77 weeks

Payment term: 30 days from the date of receipt of the invoice by the Purchaser

Maximum warranty period for the building structure is 20 years.

Performance bond: 10% of the net remuneration in the form of a bank or insurance guarantee.