GE sells Trzy Stawy

GE Real Estate has sold Trzy Stawy in Katowice, one of the biggest shopping centers in Silesia, to German investment fund Union Investment Real Estate AG for EUR95 (zł.352.5) million.

According to real estate advisory CBRE, this is the largest transaction for a shopping center in Poland this year.

Trzy Stawy is the fund's first investment in Poland. The 37,000-sqm shopping center is leased out completely, with Real, H&M, Empik and Smyk as the main tenants.