Poland Attracts International Investors
International investors have been targeting the property market in Poland. The country may be attractive because, according to Cushman & Wakefield, economic growth there is expected to hold up in 2012.
Recently, the US-based Blackstone Group acquired Wzorcownia, a shopping mall in WÅ‚ocÅ‚awek, Poland, from Polish developer Budizol. The property will join the portfolio of King’s Street Retail, Blackstone’s Polish retail property platform. Other assets in the King’s Street portfolio include Magnolia Park in WrocÅ‚aw, Galeria Twierdza in KÅ‚odzko, Galeria Twierdza in Zamos´c´ and Galeria Pestka in Poznan´.
The 25,500-square-metre Wzorcownia was developed through the revitalisation of a 19th Century pottery f