Published at: 2017-09-06 16:12 | Author: Robert McLean
The publicly traded property company will be shedding its office assets as it bets everything on Poland’s retail sector
Echo Polska Properties has concluded a transaction on three retail assets in June at a cost of €141.6m through a deal concluded with real estate funds managed by Blackstone. The three malls are Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek. Wzorcownia and Twierdza Kłodzko opened in 2009, while Twierdza Zamość has been trading since 2011. Blackstone has managed the malls through Multi Poland since 2014 and left them fully-leased at the time of the transaction to tenants such...
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