Capital Park and Akron create join venture

Akron, a real estate investment group and Capital Park, a property group have signed an agreement to establish a join venture in order to develop a ETC first generation shopping mall in Gdańsk, Capital park informed in a press release.  The partners will implement a 4RE strategy (redesign, remodelling, repositioning and rebranding) in order to modernize the mall. According to the deal, Capital Park accounts for 53 percent share of the project, Akron - 47 percent. The mall will be modernized with loan provided by Alior Bank, the press release also reads.