July 11, 2017

Master management group introduces a new gem to Galeria Młociny

Master management group introduces a new gem to Galeria Młociny

The creators of the most famous teddy bear in jewellery, TOUS jeweller, have signed a lease agreement with Galeria Młociny. The Spanish company, which is growing fast on the Polish market, already has 35 jewellery stores in the country.

Galeria Młociny continues to expand its offer in the jewellery, watches and accessories segment. TOUS will join a number of renowned global and Polish brands which have already signed lease agreements. The jewellery store in Galeria Młociny will take up over 70 sqm.

“TOUS is a high-profile brand and a valuable tenant for a modern commercial concept,” said Anna Polak, Leasing Director at Master Management Group, who finalized the contract. “We are extremely happy that such a renowned company, popular with Polish customers, has chosen Galeria Młociny.”

The family-run company has been operating since 1920 and offers luxury jewellery, handbags, sunglasses and perfumes. TOUS has over 500 stores on five continents. Each and every TOUS product reflects the aesthetics, joy and youthful spirit and captures the values at the core of the company’s DNA.

“We are growing TOUS's network of stores in Poland, and the next step in our expansion will be a jewellery store in Galeria Młociny, which is the perfect destination for brands such as ours – upmarket but also affordable, said Agnieszka Jasikowski, Oriens Bijou. "We chose Galeria Młociny because of its attractive location, unique architectural design and exceptional concept. This is aligned with TOUS’ exceptional offer, delighting customers with innovative and unusual designs for years, without losing sight of what matters most –traditional commitment to class and elegance."

Master Management Group sold Galeria Młociny to Echo Polska Properties (EPP) and Echo Investment S.A. for EUR 104.5 million – the agreement was finalized on 1 June 2017. On behalf of the purchasing party Master Management Group continues to negotiate and close contracts resulting from long-term cooperation with tenants. At the time of sale Galeria Młociny was 60 percent leased and tenants include such key brands as H&M, all Inditex brands, VAN GRAAF, C&A, CCC, GO Sport, Calypso Fitness Club, CINEMA 3D as well as Intermarché – the Galeria Młociny store will be its debut on the Warsaw market.

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