Redevco Polska to invest EUR 150 million in real estate

The company, which started operations in Poland four months ago, wants to amass a portfolio of EUR 400-500 million within the next three to four years, according to Dariusz Weglicki, general manager of Redevco Polska. "We believe that despite the growth of shopping centers, the central areas of cities will be developing rapidly over the coming years," he says, adding, "We already bought one property in central Lublin and another one in Poznan next to Stary Browar. Currently, we are working on 20 further projects, focusing on spaces of 300 square meters or more suitable for retail space." (Puls Biznesu, p. 10) R.M.