Feniks from ashes

A 30-month loan worth €4.48 (zł.15) million was secured by main investor Europlan in order to build the nine-storey, class-A office tower which will be built at ul. Żelazna 32 in Warsaw on the site of the former Feniks department store. The 9,000-sqm Feniks Office Building will be the first office project in which GPF has participated.

The building is expected to be ready by Q3 2010.