Gdańsk zł.2 billion property project takes a step forward

The project encompasses an office building, hotel, shopping mall and many other facilities. Synergia 99, the company that is running the investment, won the tender but had to wait five years for the project to be accepted by the local government. Synergia 99's president Janusz Lipiński has informed the public that construction work is about to begin and its first stage will be road infrastructure, worth in total about zł.50 million. The project, whose ultimate goal is to build a whole new district of Gdańsk, will be also supported by Synergia 99's main shareholders: EEF and EEF II venture capital funds that are also shareholders of the Gdynia Shipyard (SG). Synergia 99 is still looking for more partners who would capitalize its huge project. "The local government's consent is only the first step and huge capital investments are needed," commented Cushman &Wakefield, Healey & Baker's Jerzy Dobrowolski. (Puls Biznesu, pp. 1, 7) D.W.