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Strabag will construct Arabella S/C in Ciechanów

CH Arabella, Ciechanów.

Vertano RealEstate together with the Geman Elbfonds fund has started the construction ofArabella Shopping Centre Ciechanów. Strabag will be the general contractor.

“Let the construction begin,” said Thorsten Brudigam, CEO at Vertano Real Estate sp. zo.o., giving Strabag the order to start the construction of Arabella Ciechanów Shopping Centre. The scheduled date of construction works start – September 2011 – has been kept by Vertano and Elbfonds.

Arabella will be constructed at Pultuska Streetin Ciechanów; it will have retail space of 15.5 thousand sqm. At present, thescheme is 60 percent let. Major tenants include Intermarche and Bricomarche (these two have rented 7 000 sqm) RTV EURO AGD (around 800 sqm) and Jysk(1 100 sqm).

Vertano RealEstate has been in the property market for 14 years. The realisation ofArabella S/C is a beginning of the new strategy of the company which wants to construct a several dozens of such facilities in small and medium-sized Polishcities. Among planned facilities, there are traditional shopping centres andretail parks as well.

Elbfonds Development Sp. z o.o. is a part of the Elbfonds group seated in Hamburg. In the Polishmarket, the fund has been operating for a few years and is involved in retail schemes at the development stage.

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