LCP Group to extend Galeria Emka in Koszalin

18
Jun
2021
News - LCP Group to extend Galeria Emka in Koszalin #extension #Koszalin #LCP Properties #Poland #retail

by Property Forum | Retail

LCP Group, the owner of Galeria Emka in Koszalin, is about to start the next stage of the EMKA II, the extension of the existing shopping centre.


Galeria Emka is the first shopping centre in Koszalin, which was modernized and modernized by the LCP group in 2017. Already then, a decision was made on the plans for the next phase, which, however, will only be realized now. Undoubtedly, the period of the current pandemic, which thwarted the plans of many investors on the market, contributed to such a long and complicated process of preparing the launch of the second phase.

The next phase involves the construction of a 2-story retail park building with an area of ​​almost 10,000 sqm intended for service and commercial premises, of which over 2,000 sqm will occupy a modern fitness club, and another 2,200 sqm cinema with several screening rooms, including two premium ones. The owner has already signed several contracts, including with Helios cinema, Just Gym or the Sinsay brand, which will occupy an area of ​​over 1,200 sqm in the new phase and will therefore be the largest store in the region. More than 65% of the mall's area is already leased, and further contracts are currently being negotiated.

After the expansion, Galeria Emka and its second phase will have 850 parking spaces and over 25,000 sqm GLA of retail and service space available to tenants and clients.

"We are entering the active phase of project development, which will allow us not only to expand and supplement the offer of the existing gallery but also to attract new customers to EMKA by offering modern brands and services," said Justyna Małysko, Leasing Manager of the project at LCP Properties Poland.

The expansion is scheduled to open at the end of 2022.




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.

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