Globe Trade Centre S.A. (GTC) 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 (LPP), one of the world’s fastest growing fashion companies, will lease all together over 9,350 sqm 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 sqm of retail space in each of the malls.
All the LPP’s shops located in Galeria Wilanów will amount to 4,680 sqm and those located in Galeria Północna will total 4,670 sqm.
“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 sqm 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 around 64,000 sqm. 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.