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The Warsaw Voice » Business » May 21, 2014
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Global City Holdings to spend EUR 100m on aquapark
May 21, 2014   
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Entertainment group Global City Holdings (formerly CCI) will spend some EUR 100 million on its planned aquapark in the town of Mszczonow, some 50 km away from Warsaw, and will finance 70-75% of the sum with loans, executive director Peter Dudolenski told a news conference on Tuesday.

Talks with banks are already under way and should conclude within 30-45 days, the official said, adding that the firm is counting on a 7-10 year facility.

Earlier on Tuesday GCH said it had signed a deal for the planned aquapark near the town of Mszczonow with WUND Industriebau which will build and operate the park. The contract was signed for a 20-year period. The park will take up some 20 ha plot.

The firm expects that the aquapark will be visited by 1 million people in the first year from opening. The investment could create (directly and indirectly) around 1,600 jobs.

The aquapark will be the first phase of the Park of Poland, GCH's amusement park project. Construction of the aquapark is expected to commence in February 2015 and the aquapark should be launched in October 2016.

GCH is now ready to discuss further stages of the Park of Poland project with potential partners.

"It's too early to present a detailed schedule," Board of Directors' member Moshe Greidinger said. "We are ready for talks with potential partners on launching subsequent stages."
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