Avison Young advises on the sale of Galeria Wisła

Avison Young has acted as the exclusive sales advisor for the sale of Galeria Wisła, a prominent shopping center in Płock, Poland.

Opened in 2008, Galeria Wisła is one of Płock’s two largest shopping malls, strategically located in the city’s main retail hub and surrounded by extensive residential areas. The mall spans approximately 22,500 sqm and offers a combination of retail and entertainment facilities. It is home to major retailers and renowned brands, including TK Maxx, HalfPrice, Eurospar, Apart, Douglas, Sinsay, RTV Euro AGD, New Yorker, and Martes Sport, alongside an entertainment portfolio featuring a Helios cinema, bowling alley, cafes, and restaurants.

The property is located at 114 Wyszogrodzka Street, adjacent to National Road No. 62, Płock’s main arterial route, ensuring excellent accessibility by car and public transport. The center offers 540 parking spaces and benefits from a bus stop directly at its entrance. Nearby commercial amenities include OBI, Agata Meble, Auchan hypermarket, and Galeria Mazovia shopping center.

Michał Ćwikliński, Managing Director for Avison Young in the EMEA Region, commented:
“The retail sector recorded a total investment volume of €614 million in Q1-Q3 2024, with several high-performing shopping centers attracting investor interest. Galeria Wisła’s established position demonstrates the ongoing appeal of well-located and well-performing malls. This transaction is another testament to our team’s expertise in brokering significant retail deals this year.”

The seller was advised on legal matters by Dentons, further solidifying the successful conclusion of the transaction.

The sale of Galeria Wisła highlights the resilience of the retail real estate sector, with established shopping centers continuing to be sought after by investors seeking stable and strategically located assets.