In one of the biggest transactions on the Polish market in the past few years, JV partners Europa Capital, TriGranit and Polish State Railways sold Poznań City Centre to Resolution Real Estate Fund IV and ECE Prime European Shopping Centre Fund. While the price is being kept confidential, Polish media are speculating the deal could be worth up to PLN 1bn, making it one of the biggest property acquisitions the market has seen in recent years.
The project, a renovation of the city’s main railway station, was delivered last year as a joint venture between the Polish State Railways PKP, the Hungarian developer TriGranit and Europa Capital (on behalf of Europa Fund III). It added 58,00 sqm of new retail space to the local market. PKP, which has a 23-percent holding in the project, reportedly invested about PLN 58m into the shopping center
