Keen Property Partners announces new tenants for Galeria Victoria development (PL)

Keen Property Partners Retail (KPP Retail), the developer of the Galeria Victoria entertainment and retail centre in Wałbrzych, has announced that Douglas, Camaïeu, Oxide&Snazee, SUNSET SUITS, Subway and Plus GSM have signed contracts for the lease of retail space in the shopping mall. The construction of Galeria Victoria started in February 2009. The grand opening of the mall is planned for spring 2010.

Galeria Victoria will be the first modern retail, entertainment, residential and hotel complex in Waùbrzych and the surrounding region, bringing the first multiplex cinema (Cinema City), restaurants and cafés and many highly-desired Polish and international retail brands to the city for the first time. At the moment the shopping mall is approximately 50% leased. Tenants already on board at Galeria Victoria include Carrefour, Media Expert, Cinema City, Martes Sport, Empik, Deichmann, Rossmann, SIZEER, Scotch & Soda, Reporter, 5.10.15, Vision Express, Big Star, TARANKO, Altero, Solar, Megapunkt, Wójcik, Apart, Everest, Pierre Cardin, Pawo, Gatta, Yes, Greno/Mituu, Choco Cafe, Triumph, MARHABA, Willsoor, Sferis, Sping, Orange, Inmedio and Swiss. World-leading commercial real estate consultants, CB Richard Ellis, are acting as investment and leasing advisor, and are responsible for leasing the mall.

"We are glad that Galeria Victoria is perceived as a very attractive location for the leading retailers operating in Poland. I believe that so many new brands gathered under one roof will contribute to the mall's popularity among the residents of Waùbrzych," said Richard Keen, Managing Director at Keen Property Partners.

The two-story shopping center will house a Carrefour hypermarket (4,600 m²) and approximately 180 shops, giving the people of Waùbrzych access to well-known and popular clothing brands, a home furnishing outlet (7,000 m²), the Media Expert electronics store (approximately 2,500 m²), and other services located in a retail area of over 43,000 m². In the recreation zone (2,500 m²), the mall's customers will find a modern Cinema City multiplex cinema with 7 screens, and a wide range of restaurants, snack bars and coffee shops. 1,390 underground and ground parking spaces will be created for customers with cars.

Galeria Victoria is a unique shopping mall in terms of design, location and gross area. It has been designed to revitalize a hitherto neglected part of the city centre, creating a new public space and focal point for the community, with additional functions such as open-air concerts in the amphitheatre in summer and the ice-skating rink planned for the winter months. The mall will be developed by Keen Property Partners Retail, who specializes in the acquisition and development of local and regional retail centres, a sector with high growth potential. In 2009 KPP Retail was ranked 25th in the top European developers ranking published by PropertyEU magazine. Galeria Victoria has been designed by award-winning architects Chapman Taylor. Apart from the beauty and uniqueness of the building itself and its location, the planned hotel and residential elements of the project make it a very attractive location for retailers to expand their customer base. The value of the investment will be €75 million. The planned hotel and residential elements of the project will cost a further of approximately €20 million.

Galeria Victoria will be located on a 10-hectare site at the junction of 1 Maja and Skarýyska streets in the city centre of Waùbrzych, on national route 367, leading to the border crossing with the Czech Republic in Goliñsk. Galeria Victoria is very near the city centre, with vehicular and pedestrian access from all directions. Additionally, the Waùbrzych Fabryczny railway station is located only 300 meters away. This location makes the retail and entertainment complex an ideal and convenient place for shopping and recreation for the residents of Waùbrzych, Legnica, Jelenia Góra, Kùodzko, Kamienna Góra and Úwidnica. Situated only 17 km from the Czech border, Galeria Victoria is also the near

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