Deka Immobilien buys Forum Gliwice
Just one month after the official opening of Forum, the first modern shopping center in the Silesian town of Gliwice, Quinlan Private Golub announced the sale of the mall for E128 (zł.485) million. The new owner of the shopping center is Germany-based company Deka Immobilien, owned by the Dekabank Deutsche Girozentrale investment funds.
The construction of Forum Gliwice, which cost E75 (zł.284) million, was financed by the Scandinavian group Borgestad and Quinlan Private, one of the founding companies of Quinlan Private Golub. During the negotiations the investors were represented by Quinlan Private Golub. The Ireland-based real-estate developer will continue to manage the shopping center, which is now 90-percent leased.
"Forum's strong position in Silesia was confirmed by the fact that most of commercial space was leased by a large number of prestigious international tenants," said Małgorzata Trzaskowska, retail leasing manager at Quinlan Private Golub.
Forum, which was developed through a joint-venture between the Danish company Braaten & Pedersen and Quinlan Private Golub, offers 43,000 sqm of retail space. The shopping center is one of the biggest in the Silesia region, accommodating a Carrefour hypermarket, 130 shops - the majority of which offer clothes and footwear from leading brands - a recreation zone and a Cinema City multiplex.
Apart from the sale of Forum, Quinlan Private Golub is working on a number of other high-profile projects such as Hala Koszyki, International Business Center I&II and Winiowy Business Park in Warsaw. The developer is also constructing Oakland Park, an exclusive residential development in Chylice, near Warsaw.
