Globe Trade Centre S.A. (GTC) has signed a binding lease agreement with Cinema City for over 3,300 sq m of cinema space in Galeria Północna, the company’s flagship project in Warsaw, Poland.
Cinema City International is the largest cinema operator in Central-Eastern Europe and Israel, being today part of Cineworld Group plc, the second biggest cinema operator in Europe. The company has decided to lease more than 3,300 sq m in Galeria Północna where it will open a state of the art multi-screen cinema. It will enable residents of Białołęka district to enjoy the newest movie productions in one of the 11 cutting-edge movie auditoriums.
Additionally, GTC is concluding a lease agreement with Cinema City for a movie theatre in Galeria Wilanów, GTC’s another shopping centre, planned in Warsaw’s southern district of Wilanów.
“Cinema City International is one of those key tenants that largely determine the attractiveness of a mall’s entertainment offer. We are proud to have with us a cinema operator this experienced. Cinema City will perfectly complement Galeria Północna’s and Galeria Wilanów’s tenant mixes, so that clients visiting our schemes will be provided with interesting and engaging options, satisfying their commercial, entertainment and culinary needs. We are committed to providing our customers with the best leisure and entertainment offers in these two malls and a cinema plays an important role in this mix.” – said Jacek Wachowicz, GTC Management Board member.
Both projects, Galeria Północna and Galeria Wilanów, are at the final stages of activities performed prior to commencing construction works. Applications for building permits for both schemes have already been submitted.
“We are delighted to be included amongst the tenants of GTC’s Galeria Północna and Galeria Wilanów. We are especially proud to announce that our theatres in both shopping centres will be our most technologically advanced facilities. The appearance of Cinema City in Białołęka and Wilanów creates an exciting opportunity to reach new audiences and clients with our offer. I am certain that Cinema City will perfectly complement other tenants and strong leisure and entertainment offerings envisaged there, with which we will create a commercial and entertainment base that will serve range of Białołęka’s and Wilanów’s residents’ needs.” – said Mooky Gredinger, CEO, Cineworld Group plc.
Galeria Północna, designed by the renowned APA Wojciechowski and Tzur Architects studios, will feature many green, leisure and entertainment solutions, including a publicly accessible rooftop with a garden, walking paths and a playground. The project will offer its tenants approx. 60,000 sq m, while its customers will be provided with ca. 2,000 parking spaces. GTC is planning to obtain LEED Gold certification for Galeria Północna.
Galeria Wilanów will be the first next generation shopping centre in Poland. The project is also being designed by APA Wojciechowski and Tzur Architects studios. The design encompasses the roof offering ample green areas providing the customers with a relaxing atmosphere and an opportunity to relax and enjoy the extensive leisure and entertainment offer. Galeria Wilanów will be surrounded by recreation areas, playgrounds and greenery. The investment will be environmentally friendly, as confirmed by the ecological LEED precertification. The project will provide tenants with over 61,000 sq m of GLA in about 250 retail and service outlets. Customers of Galeria Wilanów will be serviced by approximately 2,200 parking spaces.
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 43 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.
Cinema City International is part of Cineworld Group plc. Cineworld Group plc is the second largest Cinema circuit in Europe, operating in 9 different countries with over 200 cinemas and over 1850 screens. Cineworld Group plc is a leading player in each of its markets and, in addition, is the biggest IMAX operator in Europe. Cineworld Group plc emphasises its strategy to offer state of the art cinemas including the best projection and sound technologies, stadium seating, great lobby areas, all this creating for its customers the best place to watch a movie. Cineworld Group plc has served in 2014 more than 90 million customers.