InvestKredit finances Kraków retail center (AU/PL)

The Austrian bank InvestKredit has agreed to grant the WP Investment group a €5.85 mln loan for the construction of a 15,000 m² retail center which will be located 5 km from the center of Kraków (southern Poland).

The development currently has approximately 40 pct of its space pre-leased, and anchor tenants include Media Markt.

The center is forecast to open during the first quarter 2006.

Source: Eurobuild

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