LPP expands in Waterside building in Gdańsk

Fashion retailer LPP – the owner of such brands as Reserved, House, Cropp and Mohito – has taken up additional space at the Waterside office building in Gdańsk. The tenant now occupies over 4,800 sqm in the location. Knight Frank brokered the lease transaction, acting on behalf of Deka Immobilien, t...

Locked content Dekpol signs contract to expand LPP distribution center

Polish general contractor Dekpol signed an agreement with LPP regarding the construction of a high storage warehouse with a usable area of about 23,000 sqm and an office building with a usable area of around 5,500 sqm as part of the expansion of the distribution center in Pruszcz Gdański, the compan...

LPP leases space at Gdańsk’s Opera Office

Fashion retailer LPP – the owner of such brands as Reserved, Cropp, House and Mohito – has leased almost 2,400 sqm at the Opera Office building in Gdańsk. The transaction was brokered by JLL, the exclusive leasing agent of the property. Completed in 2012, Opera Office comprises a total of 8,200 sqm ...

Locked content LPP plans further Israeli expansion

WSE-listed fashion retailer LPP plans to open its second Reserved store in Israel in H1 2019, furthermore, it mulls opening a Sinsay brand store there as well. The company ultimately wants all its brands to debut on the Israeli market and together with its franchise partner H&O, is currently hol...

Locked content LPP lead shareholders to transfer stakes to private foundations

WSE-listed fashion retailer LPP lead shareholders Marek Piechocki and Jerzy Lubaniec transferred their stakes to two private foundations, LPP reported in a market filing. The transfer was done to “secure continuity of the company’s operations and generational succession.” The foundations, Semper Sim...

Dekpol with contract to expand LPP distribution center

Polish general contractor Dekpol has signed a letter of intent with LPP regarding the construction of a high storage warehouse with a usable area of approx. 23,000 sqm with an office building with a usable area of approx. 5,500 sqm as part of the expansion of the distribution center in Pruszcz Gdańs...

Locked content LPP sees revenue at PLN 10.5 billion in 2021

Clothing retailer LPP targets 2021 revenue at PLN 10.5 billion compared to PLN 7 billion in 2017. The company plans investment of PLN 1.5 billion in the network of shops till 2021, LPP said in a statement. The retailer plans online sales share to reach 20 percent in 2021 versus 8 percent currently. ...

LPP leases 16,000 sqm at Panattoni’s Tri-city park

Fashion retailer LPP has leased a total of approximately 16,000 sqm of warehouse and office space at the ongoing Panattoni Park Gdańsk III project in the Tri-city area. The tenant, who will use the leased space to service the online stores of its Cropp brand in eleven countries, will move into the p...

Locked content LPP sees 2018 capex at PLN 520 mln

WSE-listed fashion retailer LPP plans increasing capex by 18 percent in 2018 to PLN 520 million. The company also plans to expand the area of the stores by 11 percent. “Our goal is to gradually increase the average area of stores of all brands to make room for more and more extensive collectio...