Warimpex, the Austrian construction company listed in Warsaw and Vienna, was going to build a five-star hotel in the center of Warsaw. The company has decided to build a luxurious office building there.
“We have chosen the best option for our shareholders. Warsaw commercial real estate market develops very well and we have two fabulous historical buildings in the center of Warsaw”, Franz Jurkowitsch, Warimpex CEO said.
He assured that despite changes, the project will go on as planned before:
the building will be ready till the end of the year 2010. The value of the
investment is estimated at EUR 17m. Construction works will start in the middle
of next year. In February, Warimpex will start looking for clients.