Acquisition of three retail properties from Blackstone funds
The acquisition included 3 retail assets located in Poland: Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek.
Twierdza Kłodzko shopping center was opened in mid-2009 and is one of the largest employers in the Klodzko area, employing over 800 people. Twierdza shopping center has a total of 1200 parking spaces and offers 70 stores covering nearly 30,000 sqm.
Twierdza in Zamość is the only modern shopping center in the region. The facility has an area of over 23,000 sqm and free parking for 850 seats. In addition, it is the second biggest employer in Zamość, which employs more than 1000 people.
Wzorcownia shopping center (25,600 sqm) is the first and only multi-functional urban retail project in Wloclawek located in the very center of the city, in the immediate vicinity of the PKP and PKS stations. The center was established in the revitalized area of the former faience factory. It is an example of a commercial concept of sophisticated architecture, good shopping and entertainment tenant mix, and a city-center location.
All three properties are market leading retail schemes in their respective regions and all are 100% leased.
