Pekao and BZ WBK grant €95 million credit for Serenada mall in Kraków

Lenders Pekao and Bank Zachodni WBK have signed a deal to provide €95 million funding for the construction of the Serenada shopping center in Kraków. In addition to the loan, Foncière Euris Group and Mayland Real Estate will invest €45 million of their own funds in the scheme. “We are very pleased that such renowned banks – our business partners for many years – decided to grant a credit. Serenada complements the offer of entertainment and fashion in the Olsza area, currently limited to hypermarket and interior decoration store,” said Maciej Kiełbicki, the managing director of Mayland Real Estate. The Serenada mall, scheduled to be completed in 2017, is currently 50 percent leased. It will deliver 35,000 sqm of retail space within 170 units.