Capital Park and Akron create joint venture

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