Credit: Primark
Ticker

EPP’s Galeria Młociny becomes the home of Poland’s first Primark

Johannesburg Stock Exchange listed EPP, welcomed the opening of the country’s first Primark at its Galeria Młociny shopping centre, Warsaw.

The Primark Warsaw store, which created over 250 local jobs, comprises of 3,660 square metres of retail selling space over two floors at EPP’s co-owned Galeria Młociny shopping centre. It features the latest trends in women’s, men’s, and children’s fashions including footwear, accessories, as well as lingerie and homeware. Customers can also shop Primark’s range of products made using sustainable, recycled, and organic materials.

The store’s design and layout builds on Primark’s latest contemporary shop fit with 35 fitting rooms, including family ones, 30 cash desks, and access to free Wi-Fi for an enjoyable and convenient shopping experience.

The store also features extensive measures in place to help safeguard employees and customers including a social distancing protocol and increased in-store cleaning.

– Galeria Młociny boasts a spectacular mix of retailers, which strongly differs from the offer available anywhere else in Poland. This has allowed it to become a unique shopping destination on the map of Warsaw and a must-be place for the most exciting brands. We are very happy to welcome one of them – Primark, a much-awaited debut in our shopping centre – said Wojciech Knawa, Member of the Management Board responsible for the property management at EPP.

–  We are delighted to open the doors of our first store in Poland and to offer our Amazing Fashion at Amazing Prices to customers from Warsaw and beyond. Poland is an important market for Primark and marks another milestone in our expansion in Central and Eastern Europe. I would also like to thank all our employees who have been working hard to ensure we are ready to welcome our customers to shop in a safe environment for all – stated Maciej Podwojski, Sales and Operations Manager, Primark Poland.

EPP has a 70% shareholding in the flagship Galeria Młociny shopping centre and also manages this Poland’s most modern shopping complex.

Primark was represented by Cresa in the process of negotiating the lease of the first store in Poland located in Galeria Młociny.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Revcap sells six Metro stores to MiDEAL Real Estate Funds

Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds.

CBRE sells BIG Shopping Park in Copenhagen to M&G

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

Trei borrows another €27.5 Million for Retail Parks in Poland

Trei Real Estate borrowed €27.5 million in its first financing arrangement with the Polish bank Pekao. Collateral for the loan was provided in the form of seven Vendo Parks in Poland, all of which were completed during the past twelve months.

MPC Properties buys Delta City shopping center in Belgrade

MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Newsec recruits Patrik Attemark as new CEO

Newsec will gather their present operations in seven countries under a single organization, led by Patrik Attemark who has been recruited as new CEO as of December.