ECE to build shopping mall Galeria Kaskada at EUR 190mn in Szczecin

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Date: 2010-03-09 07:00

ECE Projekt management Polska (ECE) developer company is to build Galeria Kaskada shopping centre in Szczecin, at EUR 190mn, ECE's managing director Rafal Twarowski said on Monday. The investment will be financed by German banks Landesbank Berlin AG and Berlin Hyp.


Currently, the vacancy rate amounted to 45% in the shopping mall, which is located in the city centre. The shopping area is to be 43.000 of cubic metres. The project embraces 140 shops. The general contractor is Strabag. 

In Poland, ECE is managing five shopping centres: in Lodz, Cracow, Dominikanska in Wroclaw, Baltic and Alfa Centrum. ECE is one of the biggest European developers with the turnover of EUR 13bn annually. The company belongs to the German Otto family.

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