ECE Projektmanagement announced on Monday that it has signed a EUR 111 mln loan contract with the real estate finance division of Landesbank Berlin and Berlin Hyp, for the construction of Galeria Kaskada in Szczecin, Poland. Full-scale construction of the mall will begin now that the financing with the two major German real estate financiers is in place. The retail scheme will involve a total investment of EUR 190 mln and the opening is planned for autumn 2011.
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