ING Real Estate has given more time for those construction companies bidding to build the PLN1bn Złote Tarasy project in central Warsaw. Documentation was expected by the end of last week but extra time has been allowed because of the complexities of the tender.
Jerzy Hanczewski, MD of ING Real Estate, which alongside Rodamco is the investor in the business, says that he was expecting to have chosen a general contractor by the end of the month. Companies interested in bidding however asked for an extension and his company awarded it.
An announcement of who the general contractor for the project will be known by the middle of July. Jerzy Hanczewski says that if offers turn out to be similar then a short list may be produced for a final run off. However one offer may be so good that this will not be necessary.© ℗
Podpis: Alan Heath