ING REIM CEE announces successful extension and rebranding of Piast shopping center (PL)

The extension of Piast shopping center, one of the most well known retail properties in Szczecin, has been completed. The rebuilt center has also changed its logo and name to Molo shopping center.

The €10-million extension of a substantial percentage of the retail units in Molo shopping center started in May 2010. As a result of the center's reconstruction, an additional 2,500 m² of retail space became available. Among the largest lease agreements are Media Markt (with approx. 5,670 m²), Carrefour (approx. 6,500 m²), Komfort (approx. 1,500 m²), H&M (approx. 1,500 m²) and New Yorker, with about 950 m² of retail space. In addition, the only Burger King restaurant in Szczecin is located in the Molo shopping center. During the first four days after the reopening, the extended center was visited by more than 100,000 shoppers.

Krzysztof Bocianowski, Head of Asset Management of ING REIM Poland, said during the opening ceremony of the new Molo shopping center: "We are pleased to open the completely unique Molo shopping center in Szczecin. Molo means 'pier' in English, symbolizing the center's broad outlook on both further area development and the increasing catchment area."

The reconstruction works in the Molo shopping center resulted in changes in the center's layout and in the extension of the retail space to 28,000 m². It also included a substantial modernization of the building's facade, interior design and lighting. Air conditioning and ventilation systems were upgraded as well. To ensure better safety for customers, a modern surveillance system was installed and traffic direction signs and parking spaces in the car park were newly designed.

About Molo shopping center
Molo shopping center is a retail property located in the north-western part of Szczecin. The property comprises approximately 28,000 m² of retail space. The list of tenants includes famous Polish and international brands such as H&M, Tally Weijl, Triumph, New Yorker, Apart, Cropp Town, Cubus, Douglas, Deichmann, Gatta, Home & You, House, Levi's/Mustang, Matras, Orsay and Reserved.

The shopping center first opened in 2000 under the name of Piast shopping center. It was one of the first shopping centers in the city. On average, it has been visited by around 4 million customers each year. Molo shopping center is owned by ING Property Fund Central and Eastern Europe (ING PFCEE).

Source: ING REIM

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