Echo Polska Properties NV (EPP) and Echo Investment are buying Galeria Młociny in Warsaw from Rosehill Investments. The companies will pay nearly €42 million (including the liabilities of the company being the subject of the transaction) for the project which is already under construction.
Galeria Młociny is an 81,900 sqm mixed use development (of which 71,000 sqm is retail, restaurant and entertainment space). It is located the north of Warsaw and after its opening it will service a rapidly growing residential area that lacks a modern and convenient shopping and entertainment offer.
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