Union Investment acquired a Wroclaw shopping center from Blackstone for €380m. The shopping center, Magnolia Park, will continue to be managed by Multi after the sale is finalized. Cushman & Wakefield advised Union Investment. Magnolia Park was expanded in 2015 and offers 241 stores. Anchor tenants include strong national and international chains, like Tesco, Castorama, Saturn, Helios, P&C and Decathlon. Magnolia Park is the largest shopping center in Union Investment’s Poland portfolio, followed by Manufaktura in Łódź, with approximately 94,000 sqm of retail space.
