EPP sets out its plans

Retail & leisure
POLAND EPP and Echo Investment have finalised the EUR 42 mln purchase from Rosehill Investments of the Galeria Młociny shopping centre, which is under construction in the northern suburbs of Warsaw.
The two companies unveiled their concept for the mall a few days later. “We are extending the food and entertainment facilities in the centre. We want the shape of Galeria Młociny to integrate well with the surrounding green areas. We’re also introducing significant changes to the car park, as a result of which moving around will be safe, very intuitive and easy. We have improved the access between the levels of the centre and changed the locations of the escalators. We are also planning to redevelop the area around the project,” says Marcin Materny, the director of Echo Investment’s shopping centre department. Michał Świerczyński, member of the board at EPP, the majority owner with a 70 pct stake in the project, comments: “Galeria Młociny is our first project in Warsaw – one of the most important retail markets in Poland. The property is a perfect fit for EPP’s strategy, which is to invest in modern, well designed shopping and entertainme
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