LCP buys Pasaż Warmiński retail centre

22
Sep
2021
News - LCP buys Pasaż Warmiński retail centre #investment #LCP Properties #Poland #retail

by Property Forum | Retail

Pasaż Warmiński in Lidzbark Warmiński has changed its owner. The transaction is announced by the LCP group, which has acquired another project for its "convenience retail" portfolio.

The project in Lidzbark Warmiński is a  retail park with an area of ​​over 6,000 sqm which offers stores of such brands as: Biedronka, Rossmann, CCC, Martes Sport, Pepco, Smyk, Media Expert, Tedi and KiK. Located near the national road 51 from Olsztyn, it offers over 150 parking spaces for customers and it was put into use in March this year.

“This transaction confirms that there is still room for fast and very good real estate purchase contracts. We are constantly looking for projects that will be able to join our portfolio. We are currently approving further investments and we will be able to inform you about them soon. We plan to sign a few more transactions by the end," emphasizes Katarzyna Szeleźnik, Acquisitions Director at LCP Properites.


investment LCP Properties Poland retail


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  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • 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.


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