SPV secures financing of Soho Factory's building

An SPV company of the Soho Development group has acquired financing for the Feniks building, which is being developed as part of the Soho Factory complex in Warsaw’s Praga-Południe district, Eurobuild CEE informed. A loan of PLN 61.5 million for the project has been provided by mBank. The Feniks building, which is being developed by Kalter, will comprise 219 apartments, from studios to four-room flats as well as two retail/service units.The building has been scheduled for completion in Q1 2018. The Soho Factory project involves the construction of a residential estate on a site covering more than 8 ha, which will include a useable area of app. 110,000 sqm.