Belgian investment fund Mitiska REIM has acquired Polish shopping centre, Europa Centralnam situated in the town of Gliwice.
Financial details were not disclosed.
The shopping centre is one of the largest commercial buildings in Poland and celebrated its 10th anniversary on 1 March this year. Its 67,000 m2 of retail space includes a retail park and a shopping mall.
Mitiska plans to reposition the existing property as a diversified mixed-use convenience facility, including a retail park with food and beverage facilities, leisure facilities and urban logistics units.
The previous owner of Europa Centralna, Sierra Balmain, is an independent consulting company operating on the commercial property market in Poland and Central and Eastern Europe.
'In line with our long-term strategy - we have found a solution that will provide liquidity for a complex transaction in a demanding sector. We continue to see great potential in Poland and Central and Eastern Europe and are analysing further investment opportunities,' said Ola Mazzini, COO of Sierra Balmain.
For its strategy of repositioning Europa Centralnam as the region's largest leisure centre, Sierra Balmain received the PRCH Retail Awards Gold Award in the category image campaign of the year 2022.
Mitiska is a Belgian investment fund specialising in in European convenience real estate, focusing mainly on retail parks, logistics and mutli-let industrial facilities.
