PLN 63.5 mln credit agreement between LC Corp and PKO BP

LC Corp, a Polish real estate developer, has signed a credit agreement with PKO BP for PLN 63.5 million. This sum is a part of the money allotted to finance the second construction stage of the Silesia Star project . Silesia Star is a new investment, located in Katowice. The project is divided into two stages: construction of an eight-storey office building with underground parking and separate services and trade sector (14,020 sqm); and construction of a sister building (13,500 sqm). The first tenants moved into the new offices in January 2015. The main shareholder, Leszek Czarnecki, aims to strenghten the company's activities in the area of commercial real estate, essentially in office properties, in 2016.