Arka buys Alfa for zl.191 million

This is the ninth commercial property in Arka's portfolio. Alfa Centrum is a modern retail building of about 18,000-sqm leasable space, which was opened in November last year. It's a five-storey building comprising of two underground parking levels. The ground floor and first floor offer retail space, and the second floor has a cinema. Alfa Centrum is located near the main retail street in Olsztyn at Aleja Pi.sudskiego 16. Alfa was bought from JWK Invest SA for zl.191.5 million. The acquisition, like Arka's other investments, was made through a special purpose company. Legal support for the transaction was provided by Chadbourne and Parke. (WBJ Real Estate Newsletter)