News Article Poland property management retail Sierra Balmain Stage Capital
by Property Forum | Retail

Sierra Balmain has been appointed by Stage Capital to provide property management and leasing services for three shopping centres in Poland: Galeria nad Jeziorem in Konin, Pasaż Łódzki in Łódź and CH Osowa in Gdańsk. The agreements include all aspects related to the management of each location, including, operational management, property-related finance matters, lease management, leasing and marketing. These three mandates add to a successful management partnership with Stage Capital, which already included Centrum Galardia in Starachowice.

With every property taken over for property management, Sierra Balmain is systematically strengthening its position in the Polish commercial real estate market. Currently managing a total of twenty assets in 15 polish cities, its portfolio includes multifunctional shopping and entertainment venues, retail parks, convenience and logistic centres.

“We are pleased that Stage Capital has entrusted us for the second time with the management of its assets. We are certain that with our long-term professional experience, knowledge and up-to-date know-how, each location will be managed effectively. Smart decision-making and optimisation of activities will benefit both leaseholders as well as owners of each shopping centre. It is our goal to make sure that the acquired properties maintain their stable position as the valued local shopping and entertainment destinations that they are," states Sierra Balmain’s Head of Operations, Dorota Suchodolska.

James Huckle, Partner of Stage Capital, says: “The three shopping centres Pasaż Łódzki, Galeria nad Jeziorem in Konin and Galeria Osowa in Gdańsk are attractive retail properties, with their own specific demands on property management. We are confident that Sierra Balmain, with its many years of international experience and expertise, will contribute to the success of our centres with active management and continuous, forward-looking optimisation”.

Thanks to the new contract, the retail space managed by Sierra Balmain will increase by another 75 000 sqm, totalling over 550 000 sqm.

“We are delighted to be working with Stage Capital making use of our experience in property management and leasing advice. Whilst the acquired centres are already well established and have successfully survived the pandemic challenges, there is still great opportunity to increase footfall, sales, rent and value, through leasing-led asset management strategies”, says Sierra Balmain’s Head of Leasing, Agata Stankowska.