CBRE announced that Invesco Real Estate has signed a final purchase agreement for the acquisition of Galeria Kazimierz in Kraków, Poland.
CBRE announced that Invesco Real Estate has signed a final purchase agreement for the acquisition of Galeria Kazimierz in Kraków, Poland.
Galeria Kazimierz was sold by Globe Trade Center SA, the developer and current owner. CBRE has represented the buyer in this transaction. Invesco said later that it paid €180 mln for the shopping centre.
Galeria Kazimierz is a 38,300 m2 modern shopping centre constructed on two levels and divided into 140 units and 10 screen multiplex as well as multi-media, sports and household anchor stores. It was opened in 2005. The centre benefits from the attractive location and easy access. Cinema City, Alma, Empik, Zara and H&M are among the tenants of the scheme.
Mike Atwell, head of CEE capital markets at CBRE, commented: ‘It is undoubtedly one of the highest profile retail transactions of 2013 and proves that retail has remained high on investors’ wish lists'.
