Globe Trade Centre S.A. (GTC) further fills in its newest retail project with anchor tenants. Recently, the company has signed a lease agreement with H&M, a global clothing retailer, for 2,600 sq m of retail space in Galeria Wilanów in Warsaw, Poland.
H&M is a Swedish clothing company and the second largest global clothing retailer.
“H&M is yet another key client that decided to open its shops in one of our flagship projects in Warsaw. The trust that international business leaders place in us is the proof of not only the highest quality of buildings built by GTC, but, even more so, of the quality of locations that we have chosen for both shopping malls. At GTC we are thrilled to welcome H&M as one of the finest additions to Galeria Wilanów.” – said Jacek Wachowicz, member of GTC Management Board.
“We are excited that H&M, one of leading international fashion retailers, will become a part of Galeria Wilanów. We see great synergy between the innovative approach of our brand and the Gallery, which follows the latest trends in architecture, sustainability, merchandise and tenant mix.” – said Anna Wysocka, Head of Retail Agency JLL, the leasing agent of the project.
H&M joins the growing group of key tenants. During the last few days the developer announced signing of lease agreements for its shopping malls with two other prominent tenants: hypermarket operator Carrefour and LPP Group, one of the fastest growing fashion retailers in Europe.
Galeria Wilanów is currently at the final stage of formal and legal activities preceding commencement of construction works. Construction works will initiate as soon as the building permit is issued and will last for approx. 20-24 months.
Galeria Wilanów will offer its tenants over 61,000 sq m in approx. 250 stores and service points. Designed by renowned APA Wojciechowski and Moshe Tzur architecture studios, the mall will apply the unique solutions and guarantee environmental friendliness of the investment, which has been already confirmed by the ecological LEED certificate awarded to the project. In addition to the retail offer, gardens and restaurants will be placed in the surroundings of the project and on its roof, offering unique ambience and shopping experience to the clients. The agent exclusively responsible for leasing the scheme is JLL.
The GTC Group, established in 1994, is one of the leading commercial real estate companies in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and Czech Republic.
GTC develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 47 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.
GTC S.A. is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.
H&M Hennes & Mauritz AB was founded in Sweden in 1947 and is traded on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the Group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home. The H&M Group has more than 3,300 stores in 54 markets. In 2013, sales including VAT were approximately SEK 150 billion. The number of employees amounts to more than 116,000. For further information, visit hm.com.
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, JLL operates in 75 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of over 280 million square metres worldwide and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48 billion of real estate assets under management. For further information, please visit www.jll.pl.