Thursday, August 13, 2020
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Futureal acquires full ownership of the Nova Park shopping centre

Futureal Group has acquired full ownership of the NoVa Park shopping centre in Gorzow Wielkopolski, Poland. The project was developed as a joint venture between Caelum Development and Future Group. The acquisition was motivated by a 25 percent increase in year-on-year footfall and turnover figures, solidifying Nova Park’s position as the dominant shopping centre in the whole Lubuskie voivodeship with over 1 million inhabitants.

Futureal, a leading real estate developer & investor in CEE, has signed a definitive agreement to acquire the 50 percent stake of it’s joint venture partner, Caelum Development in the NoVa Park shopping centre in Gorzow Wielkopolski, Poland, thereby increasing it’s stake to 100 percent.

“We are happy that the project we have put so much heart into goes into the good hands of such a reliable and caring partner. We are sure that Futureal will continue and expand the potential of the centre in the best way. I would like to emphasize the very positive cooperation between our organizations and especially with my good friend Gabor Futó which enable us to create such a good project but for us the time is right to exit and concentrate on managing our long-term holdings,” said David Sharkey, founder of Caelum Development.

“We thank the team at Caelum Development for being an outstanding partner of ours. I am especially grateful to have worked with David Sharkey, who’s integrity, optimism and energy has inspired all of us to succeed in times when even the future of the Eurozone was in question. Together, we have developed a unique project, which has become the dominant centre in the region,” said Gabor Futó, founder of Futureal.

Since it’s opening in April 2012, Nova Park has consistently strengthened its position in the region and recorded over 25 percent year-on-year increase in turnover and footfall.

NoVa Park houses over 140 retail units on 32,400 sqm. of GLA, providing its customers with diversified offer of brands which were not present on the local market before. The project is anchored by tenants such as: H&M, Bershka, Stradivarius, C&A, KappAhl, Reserved, Cubus, CCC, Calzedonia, Intimissimi, Deichmann, Intersport, Lindex, Carry, KFC, Piotr I Paweł, Pure Fitness, Smyk, Sephora, Douglas, New Yorker, Empik, Superpharm or Media Expert.

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