PL

A busy six months

Now that the news is out that Dutch investor Rodamco has acquired 50% of Galeria Mokotów, by buying half of GTC's shares in the retail centre, Paweł Dębowski, an experienced real estate lawyer directly involved in the deal and for the past six months, President of GTC, overcame his reluctance to talk to journalists and agreed to a short interview. At the end of October the real estate market was informed that Global Trade Centre and Rodamco were joining forces. What does this mean in effect? - Apart from selling half the shares in the company owning Galeria Mokotów to Rodamco, we are planning to become involved in other shopping centre projects around Poland. So not only in Kraków Galeria Kazimierz? - Yes, and also in other large cites such as Poznań and Wrocław. The contract with Rodamco was signed a few weeks ago. When did you begin negotiating with the Dutch investor? - It was a long process which started last year. The talks were drawn out but the deal itself
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