EPP acquires shopping mall in Inowrocław for €55 million

14
Jul
2017
News - EPP acquires shopping mall in Inowrocław for €55 million #EPP #investment #Poland #retail

by Ákos Budai | Investment

Echo Polska Properties NV (EPP) has finalised another acquisition – a takeover of Galeria Solna in Inowrocław from a company owned by Libra Project and Acteeum Group. The value of the deal was €55.4 million.

CEO Hadley Dean says: “We are excited to add another regionally dominant centre to our portfolio which advances our claim of building a Polish retail property champion. In the last 9 months we have added 7 retail acquisitions meaning we have now 16 major retail locations across Poland.” In line with EPP strategy the 24 000 sqm centre is located in a regionally growing Polish city with a large catchment area and a proven track record since opening in 2013.

Galeria Solna was opened in May 2013. It’s fully leased with a GLA of over 23,500 sqm. Its tenants include Tesco hypermarket and Polish and international retailers such as CCC, H&M, Reserved, Rossmann, Martes Sport, Deichmann, Smyk, Empik, Media Markt supported by the food court with McDonald’s and other food concepts. A DYI store Leroy Merlin is located in the direct vicinity of Galeria Solna.
 
The shopping centre was awarded a BREEAM certificate.
 
Colliers International, Dentons law firm, Deloitte, APP Projekt were EPP’s advisors in the deal. JLL and Baker McKenzie law firm represented the Seller.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy