King's Street Retail acquires Wloclawek mall (PL)

Wzorcownia, the Wloclawek shopping mall which opened in 2009, has been acquired by King's Street Retail.

Wzorcownia Włocławek

The combined GLA of King's Street Retail currently stands at 190,000 m².

The acquisition of Wzorcownia Wloclawek by Blackstone's real estate fund from the Polish investor and developer Budizol Sp. z o.o. Property SKA was concluded on December 21, 2011.

King's Street Retail, the platform of high-quality Polish shopping centers, so far includes Magnolia Park in Wroclaw, Galeria Twierdza in Klodzko, Galeria Twierdza in Zamosc, and Galeria Pestka in Poznan acquired just three weeks ago.

Including Wzorcownia, the combined GLA of King's Street Retail currently amounts to 190,000 m². As announced earlier, Galeria Tecza of Kalisz will also be acquired soon.

Wzorcownia, with a GLA of 25,500 m² and 400 parking spaces, is a unique scheme developed by Budizol Sp. z o.o. SKA through the successful revitalization of a 19th century pottery factory, located centrally in the city of Wloclawek.

The mix of renowned Polish and international retail brands present at Wzorcownia includes H&M, RESERVED, C&A, New Yorker, SMYK, Nike, Adidas, CCC, Sephora, Rossmann and many others. The center also offers diversified entertainment and leisure facilities including a cinema, a bowling center, a billiards club and a fitness club, as well as many coffeehouses and restaurants.

Immediately upon acquisition, the management of Wzorcownia Wloclawek has been taken over by Master Management Group, a leading retail space manager and developer in Poland, also in charge of the remaining malls in King's Street Retail portfolio.

"Wzorcownia is a unique project, both in terms of its excellent location in the heart of Wloclawek, and in terms of an appealing architectural design. We are very excited to unleash the potential of this center as we see a great capacity for growth and improvement.

"Our immediate objective is to increase the profile of Wzorcownia through an active marketing and branding strategy, to further grow footfall and sales for the mall's tenants," said Paul Kusmierz, Principal of Master Management Group.

Source: Questia sp. z o.o. sp.k.

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