CH Osawa Shopping Center in Gdasnk. Credit: Sierra Balmain
Management | Ticker

Sierra Balmain as new manager for three shopping centers in Poland

Sierra Balmain assumes management mandates for three Stage Capital shopping centers in Poland: Pasaż Łódzki, Galeria nad Jeziorem, and CH Osowa.

The agreements include all aspects related to the management of each location, including, operational management, property related finance matters, lease management, leasing, and marketing. These three mandates add to a successful management partnership with Stage Capital, which already included Centrum Galardia in Starachowice.

Sierra Balmain is currently managing a total of twenty assets in 15 polish cities, its portfolio includes multifunctional shopping and entertainment venues, retail parks, convenience, and logistic centers. Thanks to the new contract, the retail space managed by the company will increase by another 75,000 sq m, totalling over 550,000 sq m.

We are pleased that Stage Capital has entrusted us for the second time with the management of its assets. It is our goal to make sure that the acquired properties maintain their stable position as the valued local shopping and entertainment destinations that they are,” states Sierra Balmain’s Head of Operations, Dorota Suchodolska.

James Huckle, Partner of Stage Capital, says: “The three shopping centers are attractive retail properties, with their own specific demands on property management. We are confident that Sierra Balmain will contribute to the success of our centers with active management and continuous, forward-looking optimization”.

“Whilst the acquired centers are already well established and have successfully survived the pandemic challenges, there is still great opportunity to increase footfall, sales, rent, and value, through leasing-led asset management strategies”, says Sierra Balmain’s Head of Leasing, Agata Stankowska.

CH Osowa in Gdansk

This shopping center is one of the first ones in the Tricity. It is located near the Tricity Ring Road, the extension of A1 motorway leading to Hel Peninsula (national road S6), which makes it well connected and accessible. CH Osowa comprises 15,350 sq m of retail space and includes 41 shops, offering an international tenant mix, covering the full retail spectrum: the biggest hypermarket AUCHAN in the Tricity, RTV euro AGD, Bel-Pol, JYSK, Go Sport, H&M, Pepco, Carry, Rossman, Hebe, McDonald’s, and Max Burgers drive through.

Pasaż Łódzki shopping center
Pasaż Łódzki in Łódź, present in the city since 2000, distinguishes itself with its comprehensive and unique brands, attracting regular customers from around the city. The center’s gross floor space totals 37,500 sq m, which includes an Auchan hypermarket and 100 other stores and service units such as: TK Maxx, Half Price, Decathlon, Martes Sport, H&M, RTV euro AGD, JYSK, CCC, Empik, Sephora, Rossmann and Hebe.

Credit: Sierra Balmain

Galeria nad Jeziorem in Konin

This shopping center prides itself on its location right by the Zatorze Lake, as well as its family atmosphere and wide retail offer, including 70 boutiques and points of sale. The center has comfortable access either by car or public transport and a spacious parking lot with over 800 spaces. It is also home to the city’s biggest cinema – Helios – with 5 screens and shops, including brands, such as: Bricomarche, CCC, Rossmann, Hebe, RTV euro AGD, KFC, and Martes Sport.

Credit: Sierra Balmain

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