The municipal authorities in Kraków have enacted a zoning plan that allows for the development of KG Group’s planned Cracovia Outlet retail scheme. The investment will be built in two phases with the first of them – comprising almost 12,000 sqm of GLA and housing 80 stores – scheduled to be completed at the beginning of 2020. In the second phase, the project will be extended by an additional 9,000 sqm of GLA that will accommodate around 70 stores.
KG Group is known in Poland’s retail property market for its Atut-branded neighborhood shopping center schemes. The company has to date opened six such developments – in Sosnowiec, Łódź, Jaworze, Węgrzce near Kraków, Pruszków and Kraków – with several more now in the pipeline.