Globe Trade Centre S.A. (GTC), one of the leading commercial real estate companies in Central, Eastern and Southern Europe, signed a lease contract with H&M, a global clothing retail leader. This notable tenant will lease over 2,100 sq m of retail space in Galeria Północna in Warsaw.

After signing an agreement in Galeria Wilanów, GTC’s another flagship project in Warsaw, the Swedish clothing chain also decided to open one of its shops in Galeria Północna, which will be located in Warsaw’s Białołęka district.

“The fact that such a significant player decided to mark its presence in both our malls in Warsaw makes us extremely pleased. I am certain that, just as with Galeria Wilanów, also in Galeria Północna H&M will contribute to creating an exciting tenant mix for the clients. Let me welcome yet another tenant to our gallery.” – saidJacek Wachowicz, member of GTC Management Board.

Over the last few weeks, the developer has announced signing lease contracts for Galeria Północna with two other key retailers: LPP Group, one of the fastest developing clothing chains in Europe, and with an operator of a hypermarket chain – Carrefour.

“H&M is a perfect complement to Galeria Północna’s offer. Inhabitants of right-bank Warsaw, especially of Białołęka district and its surroundings, deserve their own retail centre, which would satisfy their shopping and entertainment needs. Galeria Północna will be such a place. Market leaders see that fact and want to join.” – saidAnna Wysocka, JLL, the company involved in leasing Galeria Północna.

“Considering the lease agreements we have already concluded, the offer of Galeria Północna is becoming clearer and sharper. H&M, but also other tenants of the mall, confirms that customers can count on a large, well-known brands and high quality service.”- said Renata Kusznierska, DTZ company, also involved in the rental of the Gallery premises.

Galeria Północna is currently at the final stages of formal and legal actions preceding commencement of construction works. Construction works will initiate as soon as the building permit is issued, and will last for approx. 20-22 months.

Galeria Północna, is designed by the renowned architectural studios APA Wojciechowski and MTZ Architects. The project will boast a green roof with lawns and walking paths. Part of the roof will be glazed allowing daylight to come inside the mall. Galeria Północna will offer its clients approximately 64,000 sq m of retail space. 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.

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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.

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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.

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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.

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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.

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