March 24, 2014

Resolution Property and ECE Fund acquire Poznan City Center

Resolution Property and ECE Fund acquire Poznan City Center

CBRE acted as advisor of Resolution Property and ECE European Prime Shopping Centre Fund on the purchase of Poznan City Center in Poland. The Vendors are TriGranit Development Corporation, Europa Capital and Polskie Koleje Państwowe SA (Polish Railways).

Poznan City Center, newly opened in October 2013, is one of Poznan’s most popular shopping centers, located next to the main railway station. The Center, totalling 58,000 sqm of retail space, is occupied by 230 tenants such as TK Maxx, Toys’R’Us, H&M, Saturn, Royal Collection, Sportsdirect, Piotr & Paweł, Reserved and many more.

Mike Atwell, Senior Director, Head of CEE Capital Markets at CBRE, said: “This purchase confirms that Poland is still a key target market for major European investors looking for prime city center schemes in major Polish cities. Poznan City Center will become Poznan’s landmark shopping center and one of the city’s most popular retailing destinations benefiting from its location next to the railway station and having long term prestigious tenants. CBRE was delighted to advise Resolution Property and ECE Fund on this landmark investment transaction.”

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