GWI GmbH, a subsidiary of Erbud S.A., has signed two contracts to construct an office building Aegidientorplatz 2 in Hanover, Germany. The total net value of both contracts is EUR 6.5m.
The first contract worth EUR 2.6m net provides shell and core up to the 2nd underground level at the Aegidientorplatz2 Office Building. The contract will be completed by 25 October this year.
Under the second contract GWI GmbH will complete shell and core of the Aegidientorplatz2 Office Building. Works worth EUR 3.9m net will be executed from 25 October 2013 to May 2014.
Erbud S.A. holds a 85% stake in GWI GmbH, which operates in building business throughout Germany.