Globe Trade Centre S.A. has finalized lease contracts with a leading fashion anchor tenant for both Galeria Wilanów and Galeria Północna, which will be shortly developed in Warsaw. LPP Group, one of the world’s fastest growing fashion companies, will lease all together over 9,350 sq m of retail space in GTC projects.
Both Galeria Wilanów, located in the south of Warsaw and Galeria Północna in Warsaw’s northern Białołęka district, will feature the whole range of LPP’s clothing brands: House, Mohito, CroppTown and Sinsay, as well as Home&You, a popular interior decoration and home accessory chain. LPP decided to open a flagship Reserved store with more than 2,100 sq m of retail space in each of the malls.
All the LPP’s shops located in Galeria Wilanów will amount to 4,680 sq m and those located in Galeria Północna will total 4,670 sq m.
„We are extremely satisfied with signing lease contracts with an anchor tenant of this standing. Both GTC projects enjoy a fast growing interest which proves the strength of the Warsaw retail market as well as the quality of both GTC new projects in a number of aspects, from their unique location, architecture and interior design to the leasing concept.” – said Jacek Wachowicz, GTC’s Board Member.
“By signing a contract for Galeria Północna and Galeria Wilanów, we build foundation for our business presence in areas that until now have not been present on Warsaw’s retail map. In that sense, the decision to join Galeria Północna and Galeria Wilanów was obvious. Moreover, the renowned GTC brand, which guarantees the highest quality of business relation on the market, only made the move easier.” – said Sławomir Łoboda, LPP’s Vice President.
Galeria Wilanów and Galeria Białołęka are currently at the final stages of legal activities preceding commencement of construction works. Construction works shall be initiated as soon as the building permit is issued and in both cases will take between 20 to 24 months.
Galeria Wilanów will offer its tenants over 61,000 sq m in ca. 250 stores and service points. Project prepared by the architects from renowned APA Wojciechowski and Moshe Tzur studios 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. The agent responsible for leasing the scheme is JLL.
Galeria Północna, also designed by APA Wojciechowski and Moshe Tzur studios, will utilize its green roof with functions complementing the tenant mix of the mall. A glazed roof will allow daylight to create a friendly and natural atmosphere. Galeria Północna will offer its tenants approximately 64,000 sq m. Just as in the case of Galeria Wilanów, GTC expects to obtain LEED gold certification for Galeria Północna. The project is co-leased by JLL and DTZ.
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.
LPP is one of the fastest growing clothing companies in Europe. It manages five fashion brands (Reserved, Mohito, Cropp, House, Sinsay) available in more than 1,500 stores and operates in Poland, Germany, Russia, Croatia,Bulgaria, Slovakia,Czech Republic, Latvia, Lithuania, Estonia, Romania, Hungary and Ukraine.
The company was established in 1995 in Gdańsk, the current location of its head office. Since 2001 it has been listed on the Warsaw Stock Exchange, this year it also became a part of the WIG 20 index, which generates significant part of the Warsaw Stock Exchange turnover.
JLLis 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.
DTZ a global leader in real estate services. Company provides business, corporate / occupier and investor clients with comprehensive services including retail, office and industrial lease agency, integrated end-to-end service covering property and facility management, capital markets / investment consultancy, valuation, project and building consultancy. Additionally, through the best quality market research and consultancy services, DTZ provides clients with global and local market knowledge. By forecasting markets trend developments, DTZ provides best-in-class solutions and support to complex client needs. DTZ has 24,200 employees, operating across 209 offices in 52 countries. DTZ in Poland has approx. 250 employees. More information on www.dtz.com.