Metro Group Asset Management has further boosted its activities in the international shopping centre business with the takeover of the management for Magnolia Park, the biggest shopping, leisure and entertainment center in Lower Silesia with a total floor space of 74,400 m[sup]2[/sup].
Metro Group Asset Management has further boosted its activities in the international shopping centre business with the takeover of the management for Magnolia Park, the biggest shopping, leisure and entertainment center in Lower Silesia with a total floor space of 74,400 m2.
The property management division of the Metro Group is now responsible for 10 shopping centres in Poland. Altogether, the company runs 70 retail centres in Germany, Turkey and Poland.
Metro Group Asset Management is assuming all activities associated with the strategic management and administration of the shopping mall in Wroclaw. Opened in 2007, Magnolia Park is a lifestyle centre in a class of its own, with 250 retail outlets, including restaurants, cafés and service points, 2,800 free parking spaces and an amphitheatre seating 500 people. 'Assuming responsibility for the Magnolia Park shopping centre is a further step on our way to expanding the international center business,' said Prof. Michael Cesarz, CEO of Metro Group Asset Management.
Metro Group Asset Management is the real estate company of Metro Group (Metro/makro Cash&Carry, Real, Media Markt, Saturn, Kaufhof) which owns the most international wholesale and retail portfolio in the world with more than 700 retailing locations.
