Galeria Północna 50% commercialized

Real estate developer Global Trade Center has announced that commercial center Galeria Północna is 50 percent leased. "We make an assumption that it will be 100 percent leased by the opening day," said Chief Investment Officer Jacek Wachowicz. Cinema City, LPP Group, Carrefour and H&M are among lessees. Earlier, the company had announced that it plans to open the center in the first quarter of 2017. The scheme is valued at €160 million. Galeria Północna will have 64,000 sqm GLA and will be located in Warsaw’s Białołęka district. The GTC Group is a leading real estate company in CEE and SEE, operating in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, and Slovakia. Additionally, it co-owns land in Ukraine and Russia and operates in the Czech Republic through its associates and joint ventures. The Group was established in 1994.