White Star Real Estate (WSRE) is expands its partnership with Focus Estate Fund (Focus) and takes over the
asset management of two shopping centers acquired by Focus Estate in Poland. Galeria Bridges and Ferio Legnica are the latest projects to join WSRE’s diverse portfolio of real estate assets WSRE’s real estate assets.
The 18,700 sqm (GLA) Galeria Mosty was acquired by Focus Estate Fund from Atrium in December 2022, while the 13,240 sqm GLA Ferio Legnica was purchased from Raiffeisen Bank International in January 2023. After taking over the asset management of these two shopping centers shopping centers, WSRE now manages a total of 798,400 sqm GLA in Poland and 1.67 million sqm GLA in the CEE.
“We greatly appreciate the trust from companies such as Generali, Reico, Focus Estate Fund and Tristan Capital Partners, whose assets we have been successfully managing for many years. Focus is our long-standing client – until now we have managed Galeria Sandomierz owned by Focus Estate. We are very pleased that our many years of experience and high quality of services have allowed us to extend our cooperation with Focus in Plock and Legnica. We believe that developers and property owners are the best managers. Our clients know that we treat each property as their own, which allows them to focus on strategic management, leaving the operational management in our hands,” comments Bartosz Prytuła, Managing Partner at White Star Real Estate.
WSRE’s mission is to provide the highest quality solutions for its clients and investors, from land acquisition and construction to long-term asset management. WSRE’s current is emphasizing further development of its consulting services for external clients. “We hope that the the acquisition of Galeria Mosty and Ferio Legnica is the beginning of a dynamic development of our service lines asset and property management services in the near future,” Prytula added.
“We are pleased to welcome WSRE as our Asset Manager at Galeria Mosty and Ferio Legnica and Property Manager at the latter. With the purchase of these two shopping centers, we are further further diversify our portfolio and strengthen our presence in the Polish market. Having worked with WSRE for many years, I know that their treatment of each property as their own is not just a slogan, but a true part of their DNA, corporate culture and the daily work of the White Star team Star. As shopping center owners, our primary focus at Focus Estate Fund is to providing customers with the best shopping experience, at the same time we work closely with with our tenants, supporting their success and ensuring their satisfaction, thereby creating value for our stakeholders. I believe that with a top-tier player – such as WSRE – we are in good hands, and our goals are the same,” says Maxim Shkolnick, General Partner at Focus Estate Fund.
