Vantage with financing for major Wrocław project

Image: Vantage Development

Warsaw Stock Exchange-listed developer Vantage Development has secured bank financing for the first residential phase of the Port Popowice mixed-use project in Wrocław. Alior Bank has lent the company approximately PLN 50.5 million for building “A” and a total of around PLN 88.3 million for buildings “B” and “C.” The three buildings will offer a combined 415 apartments with building “A” set to be ready in the second half of next year and buildings “B” and “C” expected to be completed in 2020. They will be built by general contractor Erbud. The entire Port Popowice scheme, which will be sitting on 14 hectares of land, will comprise some 2,400 apartments and about 14,500 sqm of office space. Vantage Development will develop the investment in cooperation with another Warsaw Stock Exchange-listed developer, Rank Progress.

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