Łódź///Poland – The asset was sold by Stage Capital to Crestpoint Capital Partners on behalf of a Czech private equity account which marks their official entry into the Polish retail market. International advisory firm Cushman & Wakefield represented the vendor as strategic lead throughout the sale process.
Pasaż Łódzki is a well-established shopping centre strategically located along the city’s ring road. Spanning approximately 36,400 sq m of GLA, the asset is almost fully let and anchored by Auchan. The center features a resilient and diverse tenant mix, including international and domestic brands such as TK Maxx, Decathlon, HalfPrice, and CCC. With a stable annual footfall of 3.5 million and a primary catchment area of over 470,000 residents within a 15-minute drive, the property remains one of the leading convenience destinations in Poland’s third-largest city. Balmain Group managed the property for Stage Capital, providing asset, property, technical and leasing management services.
“Throughout our ownership, we have executed a focused strategy centred around leasing and technical activities that have not only provided a more appealing shopping centre for customers but will also future-proof the centre. We believe we are passing on a top-performing convenience centre and this marks the conclusion of a successful investment for us,” says James Tugwell, Investment Director of Stage Capital.
The retail investment market in Poland has shown remarkable momentum at the beginning of 2026, with transaction volumes reaching EUR 318 million in the first quarter alone – a nearly 56% increase year-on-year. This surge in activity, which stands 10% above the five-year average for this period, underscores the continued appetite for high-quality assets.
“The sale of Pasaż Łódzki highlights the continued liquidity and attractiveness of the convenience-led retail sector in Poland. We are pleased to have supported Stage Capital in this transaction and successfully brought a new CEE-based player to our market. The entry of Crestpoint Capital Partners is a clear signal that retail assets with resilient tenant bases remain highly sought-after by international capital and market liquidity is on a strong growing trend,” adds Aleksandra Włodarczyk, Associate, Capital Markets of Cushman & Wakefield.
The vendor was advised by Cushman & Wakefield and Greenberg Traurig. The purchaser was represented by CBRE, SSW, act legal, Koda and Gleeds.
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