News Article 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.