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Investment financing

Advisory on financing of the development of Nowa Stacja retail mall in Pruszków

ECC Real Estate Sp. z o.o., developer of Nowa Stacja shopping center in Pruszków, has announced that Project Pruszkow Sp. z o.o. (SPV), supported by act BSWW, entered into a facility agreement with Bank Gospodarstwa Krajowewgo to finance the project.

act BSWW was advising the investor at all stages of loan negotiations, including establishment of security interests for the bank. The loan constitutes the final stage of financing of the construction project which is slated for completion in late 2018. The total investment value is approx. PLN 250m.

Nowa Stacja shopping mall in Pruszków has c. 27,000 m2 of modern leasable area. The mall consists of three floors on which visitors will find over 120 stores. They can also enjoy sports and entertainment facilities.

Several dozen lease contracts have already been signed. The list of tenants includes: H&M Hennes & Mauritz, Multikino, Zdrofit, Carrefour Polska, Jysk, Martes Sport, CCC, Deichmann-Obuwie, Dressler Dublin (Świat Książki), Empik, Superpharm, RTV Euro AGD, Uczy i Bawi, KFC, Pizza Hut, Olimp, Vision Express, Orange, Play and Sala Zabaw Fikołki. Laywers from act BSWW have advised the investor in regard to lease agreements with all these entities.

The law firm was also supporting the developer in its process of obtaining the necessary financial resources from funds managed by Credit Value Investment, purchase of real property intended for construction purposes, and all spatial planning procedures.

The team leader was Michał Wielhorski, attorney-at-law and managing partner. He was supported by Paweł Bochnia and Katarzyna Góra.

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