Galeria Świdnicka shopping centre has a new owner – EuropaProperty

Calioppe Investments has acquired the Galeria Świdnicka shopping centre in Świdnica, Poland, from Rank Progress, a Warsaw Stock Exchange listed company engaged in the property investment and development sector. The total value of the transaction amounts to EUR 26.7 million including EUR 15.2 million of debt financing.

The seller, Rank Progress S.A., has been advised by BNP Paribas Real Estate experts: Piotr Goździewicz, Director and Rafał Proczek, Senior Consultant, Capital Markets, Central and Eastern Europe.

Galeria Świdnicka, started its operations, after 16 months of construction, in March 2012. It is the first next generation shopping centre in Świdnica. The scheme was built on the site of former industrial plants and its architecture refers to elements typical for Lower Silesia. It offers customers an area of 15,500 sqm with nearly 50 shops.

This transaction proves the appetite of international capital for investments into retail schemes in Poland, not necessarily located in major cities, says Piotr Goździewicz, and is supported by an extensive availability of debt financing adds Rafał Proczek.