Katharsis Development sells HopStop Siedlce to LCP Properties
HopStop, a convenience retail park in Siedlce, has been sold by Katharsis Development, a Polish developer, to LCP Properties, a British investor. The seller was represented by Avison Young investment team throughout the transaction. HopStop in Siedlce is a subsequent retail park developed by Katharsis Development. Other HopStops, located in Radom, Zamosc (2 units) and Rembertow have been sold in a portfolio transaction in 2018. In that transaction, which was recognized with the Transaction of the Year award during CEE Investment Awards gala, Avison Young investment team has represented the seller as well. Same as the other HopStops, HopStop in Siedlce is a modern, convenience retail park. It has almost 4,900 sqm GLA and was developed by Katharsis Development and opened in 2019. HopStop retail park is located 2 kilometres from the centre of Siedlce at Partyzantów Street, in the direct neighbourhood of a new multi-family housing development. This retail park is 100 percent leased to such notable tenants as,…
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