ECE has organized a solemn ceremony of laying the cornerstone of Galeria Kaskada in Szczecin. The ceremony was attended by representatives of the City of Szczecin, including President of Szczecin Piotr Krzystek, representatives of the Office of Executive Head of the Region and Office of the Voivode, Vicar of the City of Szczecin Prelate Dr. Aleksander Ziejewski and representatives of other municipal offices and institutions.
"We are pleased to be able to realize this extraordinary project in Szczecin's city center despite the financial market crisis," said Rafal Twarowski, Managing Director of ECE Polska, the developer and investor of the center.
During the peak period of the building process, 700 highly qualified workers from all building branches will work on an enormous building site. The general contractor of the investment is Strabag Polska, a firm that co-operates with approximately 90 suppliers and subcontractors, including 40 firms from Szczecin and localities near Szczecin. After it is opened Galeria Kaskada will offer approximately 1,500 new jobs.
Galeria Kaskada is scheduled to open in autumn 2011. The total value of the investment will exceed 180 million. In March 2010 ECE Projektmanagement and bank Berlin Hyp signed a credit agreement for the financing of Galeria Kaskada investment; the amount of the credit extended is 111 million.
Galeria Kaskada will be the most modern shopping center in Western Pomerania. It is located in the very center of the city and will become a perfect component of the city traffic system and pedestrian traffic system. It takes just a few minutes to walk from Galeria Kaskada to famous tourist attractions such as the Castle of Pomeranian Knights. The catchment area, which covers both sides of the border between Poland and Germany, is inhabited by approximately 720,000 people.
In total, 140 shops will offer their products over 43,000 m² GLA. Customers will be offered around 1,000 parking places. More than a year before Galeria's opening 80% of the area has already been leased. Lessees include among others: C&A, Van Graaf, Reserved, Empik, Intersport, Cropp, Home&You, Mouse, Sephora, Douglas, Rossmann and CCC.
The city's old puppet theater had