GTC closer to building new malls in Warsaw
Property developer Globe Trade Centre is close to finishing the legal preparatory work necessary to build shopping malls Galeria Wilanów and Galeria Północna in Warsaw, the company said on Wednesday.
GTC has recently finalized most of the necessary plot purchases. The remaining plots belong to the city of Warsaw and their sale is yet to be approved by city authorities.
The first agreements with future tenants were signed back in 2013. Talks with new potential tenants are under way, GTC said.
In late March the company’s CEO Alain Ickovics had said that GTC plans to complete the malls in 2016, but it cannot guarantee that the deadline will be observed.
