Poznań City Center opens its doors in the fourth quarter of 2013
Europa Capital LLP, Trigranit Development Corporation and PKP SA celebrate the completion of the external structure of Poznan City Centre, their new shopping centre and transport hub, only 10 months after the opening of the first phase, 6,000 m², Poznań Główny Railway Station. The official opening of the city centre shopping centre is scheduled for the fourth quarter of 2013.
70% of the 58,000 m² project has already been leased to retailers such as H&M, TK Maxx, Cubus, KappAhl, Reserved, Mohito, House, Cropp, Bershka, Pull & Bear, Stradivarius, Terranova, Rossmann, Douglas, Superpharm, Saturn, Piotr i Pawel, Toys ‘R’ Us, CCC, Deichmann, Carry, and CENTRO amongst others. This will be the first Toys ‘R’ Us store to open in Poznań.
A future third phase is planned on the site of the old train station which will include conference, office, and hotel facilities.
The work carried out included the construction of 2.5 kilometers of construction site access roads, the creation of an underground passage for pedestrians and cyclists, and the construction of a new road system around the Integrated Transport Centre. A three-storey car park is near completion.
Around 1,000 employees of 25 companies were involved in the construction process including tPekabex SA, Technobud New Sacz Sp. Ltd., AWBUD SA, SA GPBP Gliwice, Ekotechnika Plus Sp. Ltd., Zeman HDF Sp. of o.o., KS Hyżyk SA, USP Maciej Gajdziński, Skabe Sp. Ltd and Momplex Bud Schindler Poland Sp. of o.o.
James Pennington, Asset Manager for the Central European region at Europa Capital said: “”This is a significant landmark for our joint venture and we are delighted with not only the construction but also the leasing progress. Poznan City Centre is representative of Europa Capital’s strategy of investing in prime assets with experienced partners in Central Europe.””
Árpád Török, CEO of TriGranit, said: “”The topping out ceremony of the shopping and entertainment centre, offering 250 different shops and services, strongly underlines that Poland has always been our flagship destination for our property development activity. The value of our investments in Poland, have exceeded €1 billion and the total completed development area is over 500,000 m². We bring our 15-year expertise and our long-term commitment to Poland, and I’m sure this new commercial and transportation centre will further strengthen the dynamic development of the city and the country, as well.
For further information please contact:
Gordon Simpson/Charlotte Whitley, RLM Finsbury: +44 20 7251 3801
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“”RGI””). RGI is a strategic investor alongside Management.
Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Services Authority.
About TriGranit:
The 15-year old TriGranit is the largest fully integrated regional real estate investment, development and management company in Central and Eastern Europe. With operations in 9 countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over 4 billion euros of major mixed-use developments, as well as a number of public private partnership (PPP) investments, TriGranit is well positioned to participate in the expanding real estate markets.
