Polish retail market to pick up steam after quiet Q3 – JLL

After modest growth in Q3 – with the extension of Galeria Rynek in Tomaszów Lubelski (7500 sqm) and the opening of a retail park in Radomsko (3,800 sqm) – Q4 is likely to be intensive, with the retail market growing by nearly 276,000 sqm, says Agnieszka Tarajko-Bąk, Senior Consultant at real estate ...

Locked content GTC gets red light for Galeria Wilanów project

Mid-cap real estate developer GTC has been denied permission to build the Galeria Wilanów shopping mall in Warsaw’s Wilanów district, the company stated in a market filing. The refusal was “primarily due to a discrepancy in the interpretation of the law by the Company and by the Mayor of the C...

Locked content Number of shopping mall customers up sharply in September

The number of customers visiting Polish shopping malls grew in September by 4.7 percent y/y and 11 percent m/m, according to data from FootFall Indeks Polska, which researches footfall in shopping centers. Generally, in the last three months there has been a recovery in the Polish retail sector. Cus...

Locked content More than 35,000 sqm leased in Galeria Młociny

Galeria Młociny shopping center project in Warsaw’s Bielany district is now more than 50 percent commercialized, the developer Master Management Group informed. “We are talking about signed lease agreements here, not letters of intent,” stresseed Michał Masztakowski, the development and ...

Locked content Rockcastle receives €163.6 mln financing

Mauritius-based investment fund Rockcastle has obtained €163.6 million financing for three shopping centers: Karolinka, Pogoria and Platan. The transaction closed in September 2016, when Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility. The shopping centr...

Locked content Erbud signs a PLN 75 mln deal

Polish construction group Erbud has signed a PLN 75 million deal for the construction of Libero shopping center in Katowice, the company informed in a market filing. The scheme is to be delivered by September 14, 2017. Galeria Libero has a plot with an area of 54,000 sqm. The facility will offer a r...

Locked content CBRE purchases Jantar shopping center for €92 mln

CBRE Global Investors has purchased Jantar shopping center in Słupsk (Pomorskie voivodship), a press release read. The value of the transaction amounts to €92 million, the rate of return is 7.1 percent. CH Jantar is the largest shopping mall in Słupsk and one of the biggest in northern Poland. The c...