Polish Real Estate Holding (PHN) plans to invest up to PLN 1.8bn on five retail projects set to break ground in the medium-term, according to Polish media reports. Three schemes are planned for Warsaw, with others envisioned for Lućmierz and Gdynia.
There is speculation that the 30,000 sqm shopping center planned for Warsaw’s Wilanowska street could be changed to an office project. Construction on the mall is currently scheduled to start in the fourth quarter of 2015, with completion set for 2017. The investment is estimated at PLN 242.1m.
