PORR and CBRE Global Investors successfully complete joint project in Poland

Vienna, 10 April 2015 – After some 25 months of construction, PORR (Polska) S.A., a subsidiary of PORR AG in its function as general contractor has completed the expansion and modernisation of the "Ogrody Elbląg“ ("Elbląg Gardens“) shopping centre in Northern Poland according to schedule and to the client CBRE Global Investors Poland's full satisfaction. Late March saw the official opening. The total construction volume amounts to EUR 40 million.
 
The original shopping centre was built in 2002 in Elbląg. Today, after the completed modernisation and extension, Ogrody is the largest and most modern shopping centre in the region, featuring some 40,000 m² of floor space. Two storeys house a shopping arcade with more than 130 shops and a large supermarket. The entertainment offerings for visitors were updated, too - among others, with a new cinema complex. The open parking area was replaced by a 3-storey car park with some 1,000 parking spaces.
 
In the course of the opening celebrations, Martin Sabelko, Managing Director CEE with the client CBRE Global Investors, thanked PORR (Polska) S.A. for the professional execution as well as successful collaborations during the structure's realisation phase. "We have deliberately chosen a partner with experience in the execution of such large structures. Upon awarding the contract, PORR guaranteed highest levels of quality and adherence to schedules - and they have kept their promises. We are very satisfied with the result."
 
Among others, PORR (Polska) S.A. has built Galeria Słoneczna ("Sun gallery") in Radom, carried out the expansion of the Magnolia Park business centre in Wrocław, built the group headquarters "Agora" as well as the Hotel InterContinental in Warsaw and executed the project Stary Browar (Old Brewery) in Poznań.
 
"I congratulate all colleagues from PORR (Polska) on this thrilling project", Karl-Heinz Strauss, CEO of PORR AG stressed. "It shows once again that a good track record is the best prerequisite for new and attractive construction projects. An internationally successful investor such as CBRE Global Investors only works with the best. The fact that they have chosen PORR proves we are on the right path."