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| ECE and Berlin Hyp signed the loan contract in Szczecin, Poland  ECE Projektmanagement, the European market leader of inner-city shopping centers, and the Real Estate Finance Business Division of Landesbank Berlin AG and BerlinHyp, the two strong partners on the real estate market, signed the loan contract for the construction of Galeria Kaskada in Szczecin, Poland. The total credit value amounts to 111 million euro. With the financing available the construction of Galeria Kaskada will now start in full scale in order to reach the planned opening date in the fall 2011. The complete investment of the project sums up to 190 million Euro.Galeria Kaskada will be the premium shopping destination in Szczecin and the region of Western Pomerania. It is perfectly located in the very heart of the city center of Szczecin, with convenient access by all means of transportation. The catchment area exceeds 720,000 people and stretches out far beyond the German-Polish border. Galeria Kaskada will house 140 stores offering a top mix of fashion brands, cosmetics, accessories, multimedia, food and services. Its best quality architecture will restore the urban character of the premises and bring back the city glamour to the center of Szczecin. The construction of Galeria Kaskada sets off within the next few days with Strabag Polska as the general contractor. Strabag will take over the construction site from Stump Hydrobudowa, the ground work company who have been preparing the site for the construction. write your comments about the article :: © 2010 Construction News :: home page |