Page 79 - RLI November 2019

TOwArOwA 22
warsaw, Poland
developers: EPP and Echo Investment

POLANd Hammerson. Plans for the €1.25bn Dublin Central shopping
Galeria Mlociny, one of the biggest shopping and complex have been scraped, and new permission is being
entertainment venues in Warsaw, opened its doors on 23 sought for an open plan retail, office, hotel and residential
May and it comprises 82,000sq m of GLA with 76,000sq development on a site which stretches from O’Connell
m allocated to retail and F&B, and 6,000sq m used for Street and Moore Street, to Henry Street and Parnell Street.
office space. The centre features over 200 shops and 36 International architect Acme has produced designs that
restaurants, 10 screen multiplex cinema with comfortable, envisage the restoration of historic street patterns, building
recliner seating, a 200sq m stage/event area, a green terrace lines and scale with 2,000sq m of residential, 23,500sq m of
area, and a parking facility for 2,000 vehicles. The project retail, 31,500sq m of office space and a 4,700sq m hotel.
was designed by Kurylowicz & Associates and Chapman Located at the heart of Ireland’s largest sustainable urban
Taylor, whilst the site was developed by Echo Investment. centre development, Cherrywood Town Centre will be
The shopping centre is being built in close proximity to the developed as a retail-led streets-and-squares precinct that
Mlociny transport hub – one of the best transit locations in balances a mix of uses, convenience, place, community and
Warsaw, with direct access to the underground, numerous social connections, day and night. Cherrywood, the urban
trams, city, local and national bus lines, a bicycle station and development that surrounds the retail scheme, will eventually
a P&R car park. comprise more than 9,500 new homes with a future
Re-opening this year in Warsaw city centre in one of the population of over 25,000 people, four light rail stations, six
most popular districts is the Elektrownia Powiśle project, new schools and three new parks equivalent to the size of
a 54,000sq m mixed-used lifestyle regeneration scheme. 91 football pitches, an active public realm, and abundant next-
Centred around a former power station on the banks of generation workspace. The retail project lies at the centre of
the Vistula river, the architecturally-appealing development Ireland’s most affluent catchment area, which is well connected
owned by White Star Real Estate and a Tristan fund by road, rail and other public transport. Cherrywood Town
features the refurbishment of the power station site with Centre will be developed to meet the evolving preferences
much of the original character and many building features of retail customers and the broader community, which will
retained. The development includes 18,000sq m of retail, be reflected in the retail mix, amenities and services and its
restaurants, bars and cafes with over 100 units and the emphasis on customers, experience, and social connections.
first beauty hall in Poland with a wide range of beauty The retail space will encompass 58,800sq m, over 100 stores
and skincare treatments, hairdressing and more, aimed at and 30 food & beverage brands and is under development by
both men and women. The development also includes a Hines with an opening planned in 2022.
Fresh Food Market, plus daily events throughout the year,
including open festivals, concerts and movies. rOMANIA
Towarowa 22 will be the largest mixed-use project in Opened in the country at the end of August by Romanian
the centre of Warsaw and is being developed on a site real estate developer Iulius Group was the extension
of 6.5ha in Wola, which is the fastest growing area of of Iulius Mall Timisoara, part of the joint project Iulius
the city. Designed by the architects BIG (Bjarke Ingels Town being developed in partnership by Iulius Group and
Group), Towarowa 22 complements the restoration of Atterbury. Thus, Iulius Mall will become the largest modern
the pedestrian streets of historic Warsaw with a mix of retail project in Romania and will have a rentable area of
apartments, shops, workplaces and cafes, at the heart of over 100,000sq m. Part of this extension has already been
which will be a public park. Developed and owned by EPP inaugurated, the Inditex group taking over spaces with an
and Echo Investment, Towarowa 22 will also be a cultural area of about 8,000sq m in a new wing of the mall. Iulius
centre with the inclusion of a theatre as well as Poland’s Town is the first mixed-use project developed in the west
only festival cinema, designed for movie premieres and to of Romania and the second in the Iulius Group’s portfolio
accommodate other major cultural events. after Palas Iasi. The project aims to draw clients from the
whole Banat region as well as from neighbouring countries,
rEPubLIC OF IrELANd Serbia and Hungary. Located in downtown Timiśoara,
Plans are in place to re-establish O’Connell Street as Iulius Town is the greatest real estate project to open in
Dublin’s pre-eminent street and the unique character Romania this year. The project has set several records: the
and vibrancy of Moore Street will also be restored, under largest retail area outside of Bucharest (120,000sq m, 450
new masterplan proposals for a new urban quarter in the stores) and the largest offer of class A office premises in
north inner city by UK property group and developers the region (more than 100,000sq m).

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