Investors of Galeria Chełm – Acteeum and Equilis – signed a contract with mBank to finance the project. The EUR 21 million loan is a milestone in completing the first shopping center in Chełm and confirms the quality of the investment. The opening of Galeria Chełm is planned for the first quarter of 2020.
Galeria Chełm, of which investors are the Acteeum Group and Equilis Poland, concluded a project financing agreement with mBank, amounting of EUR 21 million. Investors’ solidity, good project preparation, timely development progress and high level of commercialization ensured efficient credit process in which the Czabański & Gałuszyński law firm advised the investors.
– We are happy that our Chełm project has won recognition not only of tenants and the local community but also our financial partner. Providing financing for the Galeria Chełm project mBank confirmed its attractiveness and joined forces with the investors in the development of our highly-anticipated shopping center, which will bring a lot of positive energy to the lives of Chełm and the region residents – says Monika Woźniak-Zawioła, Equilis CEO in Poland.
The construction of Galeria Chełm progresses as per the planned schedule. So far, preparatory, ground and foundation works have been completed. Currently, work is underway on the construction of the load-bearing facility and masonry, as well as preparations for the assembly of the roof structure. In parallel with the dynamically carried construction works, the commercialization of the project is coming to an end, exceeding the level of 85% three quarters prior to its opening.
We are glad that mBank joins Galeria Chełm project as a financial partner. An efficient credit process concluded with the just signed credit agreement provides not only financing for the further progress of the project, but also confirms its quality stemming from investors’ experience, consistently kept development schedule and very high interest of tenants – explains Anna Grams-Szalacha, Acteeum Central Europe Financial Director.
We are very pleased with the opportunity to establish cooperation with quality partners developing the project. Galeria Chełm will be a leading retail facility in the region and will provide the residents of Chełm and neighboring area with access to a modern commercial offer. The project has gained great interest from the tenants from its very early stage and we are honored to be able to finance this undertaking – says Grzegorz Trawiński, Director of the mBank Real Estate Financing Department.
Galeria Chełm on the area of 17.5 thousand sqm. will offer 55 commercial premises and over 550 parking spaces. The plot on which the new shopping center will be located at the junction of Lubelska and Rejowiecka streets (also constituting the Chełm beltway), in the major transportation hub of the city. The Galeria Chełm’s catchment area covers nearly 300,000 residents as well as the cross-border traffic with Ukraine and Belarus.
Among the tenants that will open their stores in Galeria Chełm are already such known brands as Lidl, CCC, SMYK, Rossmann, RTV Euro AGD, Martes Sport, Reserved, Sinsay, House, Cropp, home&you, DIVERSE, Pepco, KiK, 4F, Swiss, Ziaja, Esotique, Vision Express, Play, Orange, Komes money desk, Olimp and Deli Pizza restaurants or Księgarnie Świat Książki. The commercialization level had already, almost a year before the grand opening, exceeded 85%.
Galeria Chełm grand opening is planned for the first quarter of 2020.
Information about mBank
mBank is a leading universal bank present on the Polish market as well as in the Czech Republic and Slovakia. We are one of the fastest growing financial brands in Poland.
The bank specializes in servicing all customer segments. We provide services in the field of retail, corporate and private banking. Within the corporate banking, we serve over 25,000 corporate clients and over 5.5 million retail customers.
mBank is an active partner in the field of corporate financing, including commercial real estate projects aimed at the office, warehouse, retail, hotel and housing sectors.
mBank belongs to the Commerzbank Group.
Information about Equilis
Equilis is a real estate development company founded in 2006 by Carl Mestdagh with the assumption of operating on the Belgian real estate market. Currently, Equilis implements and supports ambitious commercial, residential, office and revitalization projects, senior homes, dormitories as well as entertainment, cultural and public undertakings. Equilis has so far completed commercial projects with a total area of 250,000 sqm. and 757 residential premises, and under construction or preparation has another 230,000 sqm. space for rent and 2,832 apartments.
Equilis activity of in Europe is diversified in terms of sector and geography, covering all aspects of the investment process. Currently, the company has branches in Belgium, France, Spain, Luxembourg, the Netherlands, Portugal and Poland. In 2019, it also plans to debut on other markets. www.equilis.net
Information about Acteeum
Acteeum Group is a privately owned international company operating on the commercial and residential real estate market in Poland, undertaking the entire development process, starting from selecting suitable plots for development through the stage of design, construction, commercialization, management and sale of facilities.
The Acteeum approach to projects is based on extensive experience and knowledge of the polish market and the development process. The company is a business partner of large institutional companies, including CBRE Global Investors, Immofinanz, NepiRockcastle, BPI, Equilis as well as private investors. Acteeum focuses on the development of large scale retail facilities and residential projects.
Acteeum manages a land portfolio and negotiates the purchase of further plots for the construction of shopping centers, retail parks, residential developments as well as mixed schemes.
Further information about Acteeum and its projects at: www.acteeum.pl