The investors of Galeria Chełm – Acteeum and Equilis – signed a contract with mBank to finance the project. According to the investors, the €21 million loan is a milestone in completing the first shopping center in Chełm and confirms the quality of the investment. The opening of Galeria Chełm is planned for the first quarter of 2020.
Investors’ solidity, good project preparation, timely development progress and high level of commercialization ensured efficient credit process in which the Czabański & Gałuszyński law firm advised the investors.
“We are happy that our Chełm project has won recognition not only of tenants and the local community but also our financial partner. Providing financing for the Galeria Chełm project mBank confirmed its attractiveness and joined forces with the investors in the development of our highly-anticipated shopping center, which will bring a lot of positive energy to the lives of Chełm and the region residents,” said Monika Woźniak-Zawioła, Equilis CEO in Poland.
The construction of Galeria Chełm progresses as per the planned schedule. So far, preparatory, ground and foundation works have been completed. Currently, work is underway on the construction of the load-bearing facility and masonry, as well as preparations for the assembly of the roof structure. In parallel with the dynamically carried construction works, the commercialization of the project is coming to an end, exceeding the level of 85 percent three quarters prior to its opening.
“We are glad that mBank joins Galeria Chełm project as a financial partner. An efficient credit process concluded with the just signed credit agreement provides not only financing for the further progress of the project, but also confirms its quality stemming from investors’ experience, consistently kept development schedule and very high interest of tenants,” explained Anna Grams-Szalacha, Acteeum Central Europe Financial Director.
“We are very pleased with the opportunity to establish cooperation with quality partners developing the project. Galeria Chełm will be a leading retail facility in the region and will provide the residents of Chełm and neighboring area with access to a modern commercial offer. The project has gained great interest from the tenants from its very early stage and we are honored to be able to finance this undertaking,” said Grzegorz Trawiński, Director of the mBank Real Estate Financing Department.
Galeria Chełm will offer 55 commercial premises and over 550 parking spaces. The plot on which the new shopping center will be located at the junction of Lubelska and Rejowiecka streets (also constituting the Chełm beltway), in the major transport hub of the city. The Galeria Chełm’s catchment area covers nearly 300,000 residents as well as the cross-border traffic with Ukraine and Belarus.
Among the tenants that will open their stores in Galeria Chełm are already such known brands as Lidl, CCC, SMYK, Rossmann, RTV Euro AGD, Martes Sport, Reserved, Sinsay, House, Cropp, home&you, DIVERSE, Pepco, KiK, 4F, Swiss, Ziaja, Esotique, Vision Express, Play, Orange, Komes money desk, Olimp and Deli Pizza restaurants and Księgarnie Świat Książki. The commercialization level has already, almost a year before the grand opening, exceeded 85 percent.