POLAND Following the EUR 104.5 mln sale of Galeria Młociny in Warsaw, Master Management Group has announced that it has plans to invest in prime locations in Poland’s reginal cities.
“We are convinced it makes sound business sense to invest in retail projects in cities of 50,000 to 100,000 inhabitants. Our long-term experience on the Polish market, which includes managing a portfolio of shopping centres and retail parks outside the main conurbations, has given us in-depth knowledge of local consumer needs. Our close relationships with tenants has also provided us with insights into their strategies: they want to open stores not only in Warsaw, Poznań or Wrocław but also in secondary cities,” revealed Paul Kusmierz, the CEO of Master Management Group.
MMG’s flagship project is Piotrkowska 155, which is under construction in Łódź. Situated next to the city’s new transport hub, it will comprise 25,000 sqm of office and retail space and will be the tallest building in the city centre. The retail component is to include stores, restaurants, cafés, as well as a fitness club and a medical clinic, with easy access from the street.