BGK to co-finance Hala Koszyki

State-owned lender Bank Gospodarstwa Krajowego (BGK) has announced it would co-finance the redevelopment of Hala Koszyki in Warsaw by Griffin Group. BGK will provide a total of €81 million euro, including €60.84 million from the Polish Investments program, a loan from the EU-funded JESSICA program worth PLN 25 million and a revolving credit worth PLN 13 million. “This is yet another time that we can carry out an investment project with the help of BGK,” said Przemysław Krych, CEO of Griffin Group. “This is a trusted and experienced partner.” The Hala Koszyki project received a final building permit in August. Erbud has been selected as general contractor. The cornerstone-laying is scheduled to take place in several weeks’ time.