The investors of the Koszalin Power Center – Acteeum Group and Falcon Investment Management – received financing for the project from Bank Pekao S.A. The credit in the amount of EUR 15 million ensures further dynamic development in line with the schedule.
Koszalin Power Center is the largest and most modern shopping complex in the Koszalin region, developed in cooperation with Leroy Merlin and Agata, with a total area of 38,000 sqm and 30 stores. The opening of the entire complex is scheduled for the first quarter of 2024.
Acteeum Group and Falcon Investment Management – jointly developing the retail park in the Power Center format in Koszalin – concluded the financing agreement for the project, amounting to EUR 15 million, with Bank Pekao S.A. Provided financing ensures further efficient execution of ongoing construction works and completion of the project on schedule. Legal Kraft provided legal support to investors during the credit process.
– Joining the project by a financial partner and providing financing is a milestone in the development of any such large undertaking as our Power Center in Koszalin. Therefore, we are happy that the agreement with Pekao S.A. was finalized so smoothly. It not only becomes a financial base for further dynamic progress of the project, but also confirms its business credibility and excellent commercial prospects. – says Anna Grams-Szalacha, CFO of Acteeum Central Europe.
– We are very pleased with the received financing, which will support the construction works on the project. Every day we see the progress of the construction of this spectacular retail park and we are already planning the grand opening in the first quarter of 2024. We deeply believe in the potential of the project and that our Power Center in Koszalin will become a favorite shopping place not only for the residents of Koszalin, but also for the entire region. – says Piotr Wodzyński, CFO of Falcon Investment Management.
– The retail park in Koszalin, built by Acteeum Group and Falcon Investment Management, is one of the largest investments of this type currently being developed in Poland. It is worth mentioning the good transport connections of the property, as well as the premises already leased by tenants. As a bank, we are active in the area of financing the construction of retail parks and we are glad that we can finance another project in this industry. – says Daniel Borkowski, investment projects financing manager at Banku Pekao S.A.
The commercialization of Koszalin Power Center has already been completed, and the construction of the facility is progressing according to the planned schedule. So far, preparatory, earth and foundation works have been completed and construction work on the structure of the facility is being carried out dynamically.
***
Koszalin Power Center is a facility in the regional retail park format, which will cover the city of Koszalin and the surrounding region. Thanks to its architectural formula, selection of well-known and popular brands and perfect communication, the project developed by Acteeum Group together with Falcon Investment Management, in cooperation with Leroy Merlin and Agata, has already became a permanent element of the commercial landscape of Koszalin and the surrounding area.
On a total area of 38,000 sqm of GLA the project will offer a wide range of shops and service premises of various brands. There will be the largest Leroy Merlin DIY hypermarket in the region, with an area of approx. 12,000 sqm, a Lidl supermarket with an area of approx. 2,000 sqm, a full-size and the only in the region Agata furniture store, with an area of approx. 11,150. sqm and 30 stores within the Retail Park. The tenants of the Koszalin retail park will also include Jysk, Komfort, House, Cropp, Sinsay, Lidl, Rossmann, 4F, New Yorker, CCC, Martes Sport and Media Expert.
Koszalin Power Center will also include a gastronomic offer, including a drive-thru restaurant. In addition, for the convenience of customers, the facility will offer a spacious, easily accessible parking lot for approx. 1,100 vehicles, a petrol station and infrastructure ensuring smooth communication both within Koszalin and the region.
The power center will be built directly at the junction of the S6 expressway, connecting Szczecin with the Tri-City, and Władysława IV Street – the main exit road to the sea. Both roads are not only the main national thoroughfares, but also fit into the urban infrastructure as communication arteries popular among residents.
The construction of the shopping center in Koszalin began in January 2023 and the opening is scheduled for the first quarter of 2024.
***
Information about Acteeum
Acteeum Group is a privately owned international company operating on the commercial and residential real estate market in Poland, undertaking the entire development process, starting from selecting suitable plots for development through the stage of design, construction, commercialization, management and sale of facilities.
The Acteeum approach to projects is based on extensive experience and knowledge of the polish market and the development process. The company is a business partner of large institutional companies, including CBRE Global Investors, Immofinanz, NepiRockcastle, BPI, Equilis, BIG as well as private investors. Acteeum focuses on the development of large scale retail facilities and residential projects.
Acteeum manages a land portfolio and negotiates the purchase of further plots for the construction of shopping centers, retail parks, residential developments as well as mixed schemes.
Further information about Acteeum and its projects at: www.acteeum.pl.
Information about Falcon Investment Management:
Falcon Investment Management is a dynamically expanding fund on the commercial real estate market in the Retail Parks segment. Currently, it is developing a number of projects with external partners and several own projects. Growth of Falcon Investment Management in the coming years will be based on the purchase of operating facilities, cooperation with external partners, as well as running its own investment and development activities, with the aim of building a nationwide, stable portfolio of retail parks.