News (PL): Ghelamco, Gant and the stadium saga

Gant got the loan for Odra Tower
Gant Development has secured financing for its new investment. Bank Millennium has granted a PLN 57.5m loan for Odra Tower investment, an 18-storey mixed-use residential and office building. The project is expected to be completed by August 2012, with 49 of the 243 flats having already been sold.

New deadline for National Stadium
The construction consortium building the National Stadium has reached a settlement with its investor, Poland’s National Sports Centre, under which the new completion deadline is November 29. However, some heads have rolled, as Hydrobudowa Polska will replace Austrian Alpi-Bau as general contractor for the PLN 1.252m investment.

Ghelamco prepares for Sienna Towers
Three office buildings and a 20,000 sqm shopping center is to be developed on Sienna Street in Warsaw by Ghelamco. The office component will add 10,000 sqm of office space to the CBD.

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