Warsaw-listed property development company Polnord said it has signed a preliminary agreement to develop a 450 million zloty (EUR 110 mln) mixed-use complex in the Polish port city of Gdansk. Polnord reached the deal with the city of Gdansk to build a residential and commercial complex on a 2.6-hectare site in the Wyspa Spichrzow district of the city. The company said it will carry out the project through a 51/49 partnership with the municipality.
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