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Sign in Sign up for a FREE subscriptionMitiska REIM buys Europa Centralna retail center in Poland
Mitiska REIM, a specialist investor in European convenience real estate, on behalf of the MEREP 3 fund, has purchased Europa Centralna, a retail center covering a gross leasable area (GLA) of 67,000 square meters ( 721,182 square feet) located on 27 hectares (68 acres) in Gliwice, Poland.
Europa Centralna is the largest retail scheme in Gliwice, encompassing a retail park with a GLA of 39,700 square meters (427,327 square feet) and a galleria of 27,300 square meters (293,855 square feet), with parking for more than 2,000 cars. The city of Gliwice is at the intersection of the A1 and A4 motorways in the Upper Silesia region of southern Poland, one of the strongest economic regions in the country and a center for business and industry.
In line with its value-add investment strategy, Mitiska REIM plans to reposition Europa Centralna as a food-anchored convenience real estate asset and improve its ESG credentials so that it can achieve a “Very Good” score on the BREEAM
