EPP to acquire Kraków mall for €54 mln
14:12
European Property Investors Special Opportunities 3 (EPISO 3), a fund advised by real estate investment manager Tristan Capital Partners, is set to sell the Zakopianka shopping center in southern Kraków to investor Echo Polska Properties for approximately €54 million. The transaction is expected to be finalized in the second quarter of next year. The Zakopianka mall, which has been owned by EPISO 3 since 2013, comprises almost 27,500 sqm of space. The transaction does not include the Carrefour hypermarket and the Castorama store, which border the center and are separately owned. “This property is in an affluent part of Kraków and is trading well. We have strengthened its performance over the past few years and improved the tenant mix. The offer from Echo Polska Properties now provides us with an opportunity to crystallize value for the fund’s investors,” said Karol Bartos, the executive director at Tristan Capital Partners.
