Peakside and KG Group to join forces

Peakside Capital and KG Group have established cooperation for the purposes of implementing the joint Cracovia Outlet project. ROS Retail Outlet Shopping was chosen as the manager of the new Kraków outlet center with a wide range of fashion & lifestyle products. The opening date is scheduled for autumn 2021.

“We came to the conclusion that nobody wants more than one outlet in the Fashion & lifestyle category in Krakow and that we should decide on the best location,” Stefan Aumann, Managing Director of Peakside Capital, said.

“Competition on the market for shopping and outlet centers in Poland is really very high. Based on this assumption, we decided that the best solution would be the cooperative implementation of one outlet center. We want to use the know-how and experience of both companies,” Krzysztof Gaczorek, President of the Management Board of KG Group, added.

The new outlet center will have a total area of approx. 20,000 sqm, with 120 stores to be located inside. The center will be supplemented with a retail and entertainment offer, which will be built on an area of 60,000 sqm.

(Retail Net)