Rank Progress closer to selling four malls

Rank Progress is close to finalizing the sale of four shopping centers, in Świdnica, Chojnice, Grudziądz and Oleśnica. It plans to sign the final agreements within the next few months, and is currently in talks about selling a fifth scheme, the planned mall Aviator in Mielec, the firm’s CEO told ISBnews. “Thanks to these transactions we will be able to decrease the group’s debt by app. PLN 200 million,” Mroczka said. Recently, the developer had to face the withdrawal of its anchor tenant, MarcPol, from two of its centers, Pasaż Wiślany in Grudziądz and Brama Pomorza in Chojnice.