Galardia Shopping Center Sold to Future Estate by Stage Capital
The Galardia Shopping Center in Starachowice, developed by Stage Capital and Sierra Balmain, has been sold to Future Estate. The transaction was finalized on September 26, 2024, with Avison Young representing the seller as the exclusive sales agent.
Galardia, the first modern shopping and entertainment hub in Starachowice, spans 18,000 sqm and has been a key retail destination since its opening in October 2014. The center offers over 50 stores featuring well-known Polish and international brands such as Reserved, Rossmann, Media Expert, and Jysk, as well as the region’s first multi-screen Helios cinema with four screens and seating for over 600 guests.
Stage Capital, a European financial investor, originally acquired the site in 2012. Sierra Balmain, a leading commercial real estate advisory firm in Poland, played a crucial role in the center’s development and management, overseeing design, leasing, and asset management. Since opening, Galardia has maintained high occupancy rates, achieving full lease-out in the years following its debut.
“When we acquired the site in 2012, our goal was to create a vibrant retail destination with a diverse tenant mix,” said James Huckle, Partner at Stage Capital. “In 2023, Galardia welcomed 2.3 million customers and saw strong growth, particularly after Kaufland’s opening in 2022. This sale marks the successful conclusion of our investment in the Polish retail market.”
Michał Ćwikliński, Regional Manager for the EMEA Region at Avison Young, highlighted the center’s consistent performance: “Galardia Shopping Center has shown strong footfall and stable revenue. Fully leased to top tenants, it remains a key retail asset with excellent connectivity to surrounding areas. This transaction reflects the ongoing demand for large, well-performing retail properties in Poland.”
The sale of Galardia reinforces investor confidence in the Polish retail sector, with Future Estate now set to continue the center’s successful legacy.
