Plac Unii's three buildings will be linked by a glass roof 30 meters above the ground Courtesy of BBI Development

Developers BBI Development and Liebrecht & Wood have received a €105 million loan from Bank Pekao for a special-purpose investment vehicle (SPV). This will enable the SPV to complete payment for the construction of the third of three buildings in the mixed-use Plac Unii development.

Construction of the 90-meter tower, which is located on a triangular plot between ul. Waryńskiego, ul. Puławska and ul. Boya Żeleńskiego, is set to be completed by October 2013. Funding for the entire investment had not been settled prior to the developers receiving the loan – they had previously only had enough to pay contractor Warbud until March this year.

“We have the money to pay for Warbud’s construction and to have the project ready by October 2013,” said Michał Skotnicki, CEO of BBI Development.

BBI also announced that it had secured a key tenant to occupy nine floors in the Plac Unii tower and retail premises on the ground floor, totaling some 10,300 sqm. A spokesperson for BBI would not disclose the name of the tenant when contacted by Lokale Immobilia, but said it was a well-known firm operating in the banking and insurance sector.

The completed Plac Unii project will consist of three buildings connected by a glass roof at a height of 30 meters above the ground. In addition to offering around 40,000 sqm of office space and 16,000 sqm of retail and commercial space, the development will also contain restaurants, cafes and various service points.

Veronika Joy