A subsidiary of Plaza Centers finalized the sale of Suwałki Plaza in northeastern Poland to an undisclosed investment fund for €42.3m. The shopping and entertainment center is located next to a major road which connects the Baltic countries to Poland and has a potential catchment area of 200,000. Suwałki Plaza offers 20,000 sqm of GLA and is currently fully leased. “Plaza successfully executed the development of Suwalki Plaza followed by its launch in May 2010 as well as the continued management of the center,” said Dori Keren, CEO at Plaza Centers. “It is now a very strong and appealing retail scheme in this special location in the northeast part of Poland, producing high levels of occupancy, footfall and turnover.”
