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Siódemka S/C in Elblag has a new owner

CH Siódemka, Elbląg.

Bridge Properties (CEE) Limited, a private British investment company belonging to Bridgehouse, has purchased New Europe Property Holdings Limited (NEPH), the developer of Siódemka – the regional shopping centre to be constructed in Elblag.

Bridgehouse is an investment group with significant assets under management in many markets, including the UK, Spain, the USA, Qatar and many others. It treats the purchase of NEPH as starting activity in the Polish real property market with a perspective of achieving success.

Siódemka is a regional shopping centre in Elblag. The project was granted a building permit and permission of GDDKiA (General Directorate for National Roads and Motorways) to construct the new transport junction which will allow for access to the scheme from the S7 route. The new investor plans to start the construction in the first half of 2012.

Currently, preparatory works are underway on the 224 458-sqm parcel where Siódemka is going to be developed. When creating plans of the scheme itself and of modernisation of the adjacent road infrastructure, the team responsible for the project and construction of the centre cooperated closely with the local and regional authorities.

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