Wilanów development gets EUR 61 mln funding
Investment & financeschedule 03 July 2014
Royal Wilanów will be put into operation in August 2015
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POLAND Capital Park, the investor of the Royal Wilanów office project, located at the junction of ul. Klimczaka and ul. Przyczółkowa in Warsaw, has got a loan from PKO BP to further develop the project. “We have reached the required level of commercialization of the facility, and met the requirements over our deposit, which has paved the way for us to get the first tranche of funding. The total amount of the loan granted by PKO Bank Polski amounts to EUR 61.1 mln,” informed Michał Majewski, treasury manager of Capital Park.
The construction of the Royal Wilanów started in August 2013. Currently, the vertical elements of the construction are being installed at the ground level. The five-storey building will accommodate nearly 29,800 sqm of office space and Capital Park will be one of its tenants. The project will be put into operation in August 2015. The building will also offer over 6,900 sqm of retail and service space, which will be housing the Piotr i Paweł grocery store, the Bierhalle brewery and restaurant,
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