In addition, Momentum Leisure is developing a new €50 million theme park on a land plot adjacent to the retail center.
Mitiska REIM acquired Europa Centralna on behalf of the MEREP 3 fund alongside a co-investment from EBRD and last year agreed the sale of a 6.6 ha land plot to Momentum Leisure.
Commenting on the aims of the project, Mitiska REIM’s Managing Partner and Managing Director of Poland, Sylvie Geuten-Carpentier, said:
“Mitiska REIM has a long track record of revitalizing out-of-favor and underperforming retail assets and transforming them into modern, successful and sustainable convenience retail centers, for the benefit of shoppers, tenants and local communities. Since acquiring Europa Centralna two years ago, we have been working in partnership with existing tenants and local authorities on these plans to redevelop and reposition Europa Centralna, and bring in new entertainment partners such as Momentum Leisure. Our goal with this transformation plan is to turn Europa Centralna into a go-to destination in the region through a compelling offering of necessity retail, leisure and entertainment”.
As part of the project, the main gallery of Europa Centralna has been closed to allow for a comprehensive renovation that will significantly upgrade the customer environment and retail offer. Meanwhile, the retail park section will continue to operate without any disruption, ensuring full access for customers and stable trading conditions for all tenants.
Throughout the redevelopment period, nearly 40,000 m² of retail space, together with all existing parking facilities, will remain fully open. The project team is currently in the process of selecting a demolition company, with demolition works planned to begin at the start of December. The general contractor (GC) is expected to be formally appointed in Q1 2026, with the appointment currently scheduled for February 2026.
