Knight Frank advises mBank on the sale of the Municipal Slaughterhouse in Poznań
Knight Frank has advised mBank regarding the sale of the site of the so-called old Municipal Slaughterhouse in Poznań. The total area of the property is nearly 5.5 ha. The new owner is Vastint Poland.
The property, known as the old Municipal Slaughterhouse, is located in the northern part of Poznań, at the junction of Garbary, Grochowe Łąki and Północna Streets. Once a seat of former meat plants, the site is to be revitalised to include a multi-purpose commercial project. The historical character of the area is to be preserved.
“Undoubtedly, the Municipal Slaughterhouse is one of the most attractive investment areas, not only in Poznań but across Poland. At Knight Frank we have continued to work on raising the value of the property since 2013. Consequently, we have managed to obtain a very good price. Much credit goes also to the teams at mBank and Vastint. Complicated urban planning conditions, the history of the site and the sheer scale of the investment have all required significant commitment and professional approach. I am pleased to say that the both parties to the transaction have risen to the challenge," said Krzysztof Cipiur, Associate Director in Capital Markets at Knight Frank.