KBP will be financed by a loan from Pekao Bank

Ghelamco Polska has signed a EUR 60 mln loan agreement with Pekao Bank. The loan will help to finance two office developments – Crown Square in Warsaw and Katowice Business Point along Chorzowska St. The KBP building will be offering 17 200 sq. m of A class office space. The construction finish is going to be postponed and the development should be ready in the Q3 of 2010. The previous note was saying about Q1 2010 as a completion date.
Clifford Chance and Balans company was chosen for the financial agent and madiated between contracting parties.