June 26, 2017

Galeria Młociny afresh

Galeria Młociny afresh

More entertainment, meeting places, recreation and gastronomy as well as better exposure of tenants and a convenient car park. Echo Investment and Echo Polska Properties have presented the new image of Galeria Młociny after its acquisition.

“Galeria Młociny is the largest entertainment and shopping facility currently under construction in Warsaw,” said Marcin Materny, member of the board and director of Echo Investment’s Shopping Centre Department. “We want its concept to be in line with the principle adopted by us of creating meeting places which are full of energy and offer a lot of functions. The first stage of the design work focused on the introduction of more amenities for future tenants and customers. We have been working on the ultimate shape of the facade and the interior design. We are extending the gastronomy and entertainment offer of the centre. We want the shape of Galeria Młociny to integrate well with the surrounding green areas. We have also introduced significant changes to the car park, thanks to which moving around it will be safe, very intuitive and comfortable. We have improved communication between the levels of the centre and changed the location of the escalators. We are also planning to revitalize the area around the project.

Michał Świerczyński, member of the board at EPP, the majority owner of the facility, commented: “Galeria Młociny is our first project in Warsaw – one of the most important retail markets in Poland. The property is perfectly in line with EPP’s development strategy, which envisages investments in modern, well designed shopping and entertainment centres as well as mixed-use facilities in large cities.”

Galeria Młociny is located right next to an important transport hub, which services a dynamically developing residential district and is used by 40,000 people every day. Echo Investment owns 30 percent of Galeria Młociny and it is responsible for the preparation of a refreshed concept of the facility, its development and lease. Echo Polska Properties is the majority shareholder and it will be responsible for the management of the facility after the opening of Galeria Młociny.

Galeria Młociny is a shopping and office centre with a combined leasable area of 82,000 sqm, 71,000 sqm of which is earmarked for retail, entertainment and gastronomy. The facility is planned to include a modern cinema, a fitness club, an extended food-court as well as a medical centre. The mall is 60 percent leased already. The construction of the first stage started in October 2016 and completion is planned for Q1 2019.

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