Capital Park may sell Eurocentrum, buy retail portfolio

Property investor Capital Park does not rule out selling the Eurocentrum Office Complex in Warsaw, the company’s management board member Marcin Juszczyk told ISBnews. The firm may also soon finalize a retail portfolio acquisition. Capital Park is currently re-evaluating Eurocentrum. “We did not plan to sell it before, but it generates a lot of interest from the part of investors, so we do not rule out a sale in the future,” Juszczyk said. The board member added that Capital Park has already completed due diligence of a grocery retail network portfolio. “We are in negotiations. I am counting of a finalization in the summer,” he said. Juszczyk also said that the company has signed another preliminary agreement on the purchase of a convenience center in Toruń, where it is now conducting due diligence.