Lower Silesia shopping centre has new owner

31
May
2017
News - Lower Silesia shopping centre has new owner #BNP Paribas Real Estate #investment #Poland #retail

by Ákos Budai | Investment

Calioppe Investments has acquired the scheme from Rank Progress, a Warsaw Stock Exchange listed company engaged in the property investment and development sector. The total value of the transaction amounts to €26.7 million including €15.2 million of debt financing. The seller has been advised by BNP Paribas Real Estate.


Galeria Świdnicka, started its operations, after 16 months of construction, in March 2012. It is the first next generation shopping centre in Świdnica. The scheme was built on a site of former industrial plants and its architecture refers to elements typical for Lower Silesia. It offers customers an area of 15 500 sqm with nearly 50 shops such as: Apart, CCC, Cropptown, Diverse, Esotiq & Henderson, House, Sinsay, Mohito, Monnari, Orsay, Reserved, Giacomo Conti, Wojas and Big Star, as well as retail chains such as: Empik, Intermarche, Kolporter, Media Expert, Pepco, JYSK and Rossmann. Additionally, the centre’s clients are able to use the services of ITAKA travel agency, a multi-screen cinema and a fitness centre, as well as the following restaurants: Broaster Chicken, Choice and Efez.

This transaction proves the appetite of international capital for investments into retail schemes  in Poland, not necessarily located in  major cities, says Piotr Goździewicz, and is supported by an extensive availability of debt financing, adds Rafał Proczek.



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New leases

  • 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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