• The investors of Centrum Praskie Koneser, Liebrecht & wooD Group and BBI Development S.A., inform about appointing Erbud S.A. as the general contractor of three buildings in the project’s commercial part, on the side of Ząbkowska Street.
• The buildings B, C and D realized by Erbud S.A. have a total space of 20,350 sqm.
On 7th December, we witnessed a ceremony of laying the foundation stone for ‘Centrum Marszałkowska’ in Warsaw downtown. The modern office and commercial (Class A+) building, featuring the iconic ‘Sezam’ department store, is set to be accomplished in the first quarter of 2018 by BBI Development S.A. and the Warsaw Cooperative of Grocers ‘Społem Śródmieście’.
Financing of the construction of Centrum Praskie Koneser, a mixed-use development based on revitalization and introduction of new functions to the former Warsaw Vodka Distillery, located at Ząbkowska Street, has been secured. The investors of the development, Liebrecht & wooD Group and BBI Development S.A., inform that a loan agreement with Bank Pekao S.A. represents a sum of €89,6 million. The construction of the scheme’s overground will be financed from funds obtained under the loan. The underground works (car parks) completed so far have been financed from the investors’ own equity.