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The acquisition of Zakopianka finalised

Echo Polska Properties, advised by real estate advisor Savills, has finalised the acquisition of Zakopianka Retail Park in Kraków for EUR 53,3 million. The vendor is a real estate property fund managed by Tristan Capital Partners. 

The preliminary agreement was signed in December 2016. The transaction excludes the Carrefour hypermarket and Castorama DIY store. The vendor is European Property Investors Special Opportunities 3 (EPISO3) managed by Tristan Capital Partners. Zakopianka Retail Park is the 24th property in the investment portfolio of Echo Polska Properties, which is part of the Griffin Real Estate - Oaktree – PIMCO capital group.

Located on Zakopiańska 62 street in Kraków, Zakopianka Retail Park was the biggest retail scheme of this type in Poland while opened in 1998. It was built on the ground of the former Solvay Sodium Works. The subject of the transaction is the 27 500 sq m of retail space. Tenants of the property include: Cinema City, Decathlon, Euro RTV AGD, Intersport, Jysk, Komfort and Reserved.

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