The Integrated Transport Center will take a total of some €250 million to build Courtesy of Face Media

Real estate developer and investor TriGranit has obtained €119 million in bank financing from a consortium of banks comprised of Bank Zachodni WBK, Raiffeisen Bank Polska, Nordea Bank Polska, BRE Bank and HYPO NOE for its Integrated Transport Center in Poznań.

The mixed-use development, whose total value, including tenants’ investment, will amount to some €250 million, will comprise a railway station, a bus station and a shopping mall. Construction on the latter structure was officially launched during a ground-breaking ceremony last week.

The investment, which is scheduled for completion in Q4 2013, is being realized in partnership with Polish State Railways, which has provided four hectares of land. TriGranit is responsible for all development activities pertaining to the construction of the scheme.

“Poland has always been our flagship destination for property development activity. Our investment in Poland has reached around €1 billion and the total completed development area is over 500,000 sqm,” TriGranit CEO Árpád Török said in a statement.

He added that in the case of the Poznań project the company is using the experience in transforming railway stations into new city centers that it gained during the development of schemes including WestEnd City Center in Budapest.

Hungarian-majority owned TriGranit was established 15 years ago and is currently present in seven countries in Central and Eastern Europe. The company’s pipeline includes mixed-use developments valued at over €4 billion, as well as a number of public-private partnership investments.

In Poland, TriGranit’s completed projects include the Silesia City Center shopping center in Katowice, the Bonarka City Center shopping mall in Kraków and the first phase of the B4B office project in the latter city.