J&P-AVAX SA announces the addition of the following contracts:
A. On 10.09.2008 J&P-AVAX SA signed with OTE Real Estate SA the contract titled "Construction of Commercial & Office Building Complex, Super Market Store, Restaurant and Residential Housing Complex with underground parking space and removal of 27 trees", budgeted at euro 19 million.
The project involves the construction of a building complex on a 8,369 sq.m. land plot in Taraboura, Patras in Greece, comprising an office & commercial store building with a total surface of 4,485 sq.m. and 96 underground parking spaces, with a 2,107 sq.m. ground floor to house a large store, and two storeys of office space with a total surface of 2,066 sq.m. It will also comprise three residential housing buildings with ground floor plus three storeys with a total surface of 2,816 sq.m. and an office building with 30 underground parking spaces shared with the housing blocks vehicles with a surface of 1,953 sq.m., a 246 sq.m. ground floor to house a caf? and three storeys of office space with a surface of 940 sq.m. The project has a 720-day deadline.
B. J&P-AVAX also signed recently with ALDI HELLAS SUPERMARKET Ltd a contract for the construction of ALDI stores throughout Greece.
The contract includes the construction of 10 stores, scheduled to start by 31.12.2007, and may be expanded to a further 40 stores by 31.12.2011. A base price per store was agreed upon and will be adjusted accordingly depending on the local circumstances for each store.