White Star Real Estate to manage Sandecja retail centre

08
May
2024
News - White Star Real Estate to manage Sandecja retail centre #Focus Estate Fund #Poland #property management #retail #White Star Real Estate

by Property Forum | Retail

White Star Real Estate has taken over the management of Galeria Sandecja in Nowy Sącz. This is another shopping center from the Focus Estate Fund portfolio, where WSRE assumes property management, and the first where it provides two management services in one facility for an external client.


Galeria Sandecja (17,649 sqm GLA) was built in 2009 as the first of its kind in Nowy Sącz. In early 2024, the investment was acquired by the Focus Estate Fund. Since April of this year, the facility has been managed by White Star Real Estate, thereby expanding its diverse portfolio of real estate assets and continuing its strategic partnership with the Luxembourg Fund.

„Our goal is to deliver a thorough spectrum of services to both clients and investors, maintaining an exceptional standard. We are proud that the efforts of our team and the trust of our business partners have resulted in expanding cooperation with the Focus Estate Fund to another shopping centre. Galeria Sandecja stands as the inaugural shopping mall where we offer integrated property management and facility maintenance services to an external client", says Bartosz Prytuła, Managing Partner, Poland at White Star Real Estate.

In addition to the Focus Estate Fund's investments in Płock and Legnica, White Star Real Estate has also been managing Galeria Sandomierz for several years.

„Through our longstanding collaboration with White Star Real Estate, we hold firm assurance that Galeria Sandecja will be professionally managed, with full commitment to providing the highest quality services for our tenants and customers. Leveraging their seasoned expertise and operational efficiency in property management assures us in our conviction that our investment will be conducted in accordance with the highest industry standards. Consequently, Galeria Sandecja will persist as a pivotal retail destination in Nowy Sącz, drawing both local residents and visitors from surrounding areas. Our goal is to create appealing retail environments that seamlessly integrate into the fabric of local communities, and our partnership with White Star Real Estate seamlessly aligns with this strategic vision”, says Maxim Shkolnick, General Partner at Focus Estate Fund.

Galeria Sandecja (17,649 sqm GLA) houses over 70 shops, service outlets and restaurants. Customers have access to 800 parking spaces, including those equipped with chargers for electric cars.




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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