Sunpoint's 25 malls

Investment firm London Cambridge Properties (LCP) and German developer Ficon Consulting & Real Estate, via special-purpose vehicle Sunpoint Invest, have entered into a framework agreement to develop 25 shopping centers in Poland over the next 10 years.

The first development resulting from this agreement will be a convenience center in Gorzów Wielkopolski. The 14,000 sqm project will feature 70 stores and service units, including restaurants, cafes and a supermarket.

The development is scheduled to open in spring 2010 and King Sturge has been selected as its exclusive leasing agent.