EPP finalizes €53.3 mln retail park acquisition in Kraków

Investor Echo Polska Properties (EPP) has finalized the acquisition of the Zakopianka retail park in Kraków from a fund managed by Tristan Capital Partners for €53.3 million. Savills advised the buyer on the transaction, which was preliminarily agreed in December last year and excludes the Carrefour hypermarket and the Castorama DIY store that are part of the complex. “This is a very good purchase for EPP due to the strategic location of Zakopianka in the southern part of Krakow,” said EPP president Hadley Dean. “This transaction is consistent with the EPP strategy, which assumes purchasing dominant retail projects in their region with high footfall,” he added. Zakopianka was opened for business in 1998. The part of the retail park that has been acquired by EPP comprises 27,500 sqm of retail space.

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