Ghelamco secured a €221m loan for the construction of its mixed-use Warsaw Hub project. The funding was granted by a consortium of five banks: Bank Zachodni WBK, Pekao SA, PKO Bank Polski, Raiffeisen Bank Polska and Bank BGŻ BNP Paribas. “We are happy that once again Ghelamco has won the trust of the leading banks in Poland. Obtaining such large bank financing for building the Warsaw HUB confirms the developer’s stability and reflects the project’s attractiveness,” says Jarosław Jukiel, CFO and member of Ghelamco Poland’s management board. The Warsaw HUB is underway at Rondo Daszyńskiego in the city’s Wola district. The scheme includes three skyscrapers: an 86-meter hotel building and two 130-meter office towers. All the buildings will be joined by a five-story foundation, which will create a big city frontage along Towarowa street. Completion is scheduled for 2019.
