Unibep has entered into a PLN 174 million (EUR 40.1 million) net contract with Okam Academicus of the Okam Capital Group for the implementation of the second stage of a residential project on Redutowa Street in Warsaw. The subject of the contract are the construction works under the second stage of building a complex of residential, multi-family buildings with services, underground car park, and landscaping. The two buildings, ranging from 5 to 9 floors above ground, will contain a total of 416 apartments, 1 commercial unit and 543 parking spaces in the underground garage.

The project is scheduled to commence in the first quarter of 2024 and to be completed in the second quarter of 2026. Works will commence once Unibep has received a written statement from the commissioning party, which should take place within 30 days of the date of the agreement.