Heitman and Neinver sell Poznań’s Galeria Malta

18
Jul
2018
News - Heitman and Neinver sell Poznań’s Galeria Malta #asset management #Balmain Asset Management #BSC Real Estate Advisors #Heitman #investment #Neinver #Poland #Poznan #property management #retail

by Property Forum | Investment

Poznań’s Galeria Malta, under a JV co-owned by Heitman and Neinver, has been sold to an unnamed new investor. At the same time, Balmain Asset Management and BSC Real Estate Advisors have been designated respectively as the new asset manager and property manager of the shopping centre, replacing Neinver.


Galeria Malta is one of the largest shopping and entertainment centres in Poland. It brings together 160 stores and service points of many local and global brands from the mid-mass market and premium segment on 54,000 sqm of retail and leisure space.
 
The centre, opened in 2009, was developed and operated from the start by Neinver. The company, which currently manages 16 European outlet centres totalling 319,300 sqm GLA and has set targets of doubling the current GLA of its pipeline, is strategically focusing its business in the outlet sector in Poland.
 
“We are consistently working on the development of FACTORY centres in Poland in all the important areas. We’re modernizing interiors, introducing new brands to the portfolio and expanding the package of additional services to maintain the best possible standards,” says Bożena Gierszewska-Mroziewicz, Country Head Neinver in Poland. “We also closely observing the market, but not excluding new business ventures,” she adds.
 
The new owner of Galeria Malta has appointed Balmain Asset Management as asset manager and BSC Real Estate Advisors to provide property management, project management, marketing and leasing services.



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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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