January 12, 2016

Fast pace of construction and commercialisation of Galeria Północna

Fast pace of construction and commercialisation of Galeria Północna

The opening of Galeria Północna – the first modern shopping and entertainment centre in the north-eastern part of Warsaw - is scheduled for H1 2017. At this point the commercialisation rate – taking into account signed contracts and letters of intent – stands at 60 percent.

Galeria Północna has been under construction since last July. The first cranes turned up on the construction site in August with the eighth one being currently installed. Ceiling at the zero level and the insulation of exterior walls has already been made. At present work is underway on the construction of reinforced concrete and flooring installations. So far around 37,000 cubic meters of concrete and 5,000 tons of steel have been used. Since the beginning of the work 250,000 cubic meters of excavation has been done.

”The dynamic flow of the construction process of Galeria Północna is a result of, among others, cooperation with top specialists and our extensive experience in real estate development, including the construction of Galeria Mokotów, Galeria Kazimierz and Galeria Jurajska. We have been consequently implementing the lease strategy we adopted at the onset. Currently the commercialisation rate for the mall – taking into account concluded contracts and letters of intent – stands at 60 percent. This figure testifies to the success of our investment,” said Jacek Wachowicz, Director of Leasing and Sales at GTC.

In order to ensure that Galeria Północna provides its visitors with world-class comfort, the architects - APA Wojciechowski and Tzur Architects studios - delivered a unique, open roof design – landscaped with green walking paths, a garden and a playground. A section of the roof will be glazed. This solution, combined with the spacious interior, will ensure a massive amount of daylight – way greater than what other Polish shopping centres can offer. The unconventional design and structural solutions will surely set new standards for companies designing and building such facilities. Moreover, the continuously expanding shopping offer based on cutting-edge solutions will aim to attract not only customers from Białołęka but also from other districts of Warsaw and its surrounding.

The commercialisation rate for Galeria Północna – taking into account concluded contracts and letters of intent – stands at 60 percent. The tenant list features such prominent brands as: Empik, Smyk, H&M, Wólczanka, Vistula, W.KRUK, Grupa LPP, CCC, Martes Sport, Forever 21, iSpot, Carrefour hypermarket, and Cinema City and many more.

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