Bridge Properties (CEE) Limited, a privately held UK investment vehicle that forms part of investment group Bridgehouse, has acquired New Europe Property Holdings Limited (NEPH), the developer of the Siódemka regional shopping centre in Elblag, Poland. The takeover sum was not disclosed.
Bridge Properties (CEE) Limited, a privately held UK investment vehicle that forms part of investment group Bridgehouse, has acquired New Europe Property Holdings Limited (NEPH), the developer of the Siódemka regional shopping centre in Elblag, Poland. The takeover sum was not disclosed.
The deal marks Bridgehouse's entry into the Polish market. Siódemka will comprise some 67,000 m2 of lettable retail space and 1,800 parking spaces. It will consist of a fully enclosed single-floor shopping mall (40,000 m2) and a retail park (27,000 m2). Construction is expected to start in H1 2012.
Designed by international architects Broadway Malyan, Siódemka will be the first large shopping centre in Elbag and the surrounding region.
