900 m PLN funds for Warsaw Spire

Warsaw Spire in Warszawa
Warsaw Spire in Warszawa
Ghelamco company received a loan worth 904 m PLN to build Warsaw Spire.

Ghelamco company received loans from four banks: Bank Polska Kasa Opieki S.A., Bank Zachodni WBK S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and BRE Bank S.A. The amount of 904 m PLN is a record in the history of the property market in Poland.

The complex has been under construction since the middle of 2011 and so far it has been realized without bank financing. At present, the company finishes construction works of building B. The loan is to cover further stages of the project.

Warsaw Spire is a unique project in Warsaw and in the whole Europe – we are proud that we received financing for out project, especially in the present macroeconomic situation which influenced policies regarding granting credits for commercial projects to a great extend. The decision shows that we are a strong and reliable company with stabilized position on the market and a partner for long-term cooperation, and that Warsaw Spire is an exquisitely-prepared project – says Jeroen van der Toolen, Managing Director CEE at Ghelamco.

Warsaw Spire is being build in the quarter of Grzybowska, Łucka, Towarowa and Wronia Streets. The complex will comprise of three buildings – A, B and C – which will provide about 100 000 square meters of space. The highest building (A) will have 49 storeys, which means it will be 180 meters high (220 m with antenna). Two smaller office buildings will be 55 meters high each. Warsaw Spire is being built in accordance with the requirements of BREEAM certification. The first tenant of the complex is a European agency Frontex.

Tags: Ghelamco
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