Life after retail

It has further acquisitions in the pipeline as well as a planned relocation of its Polish head office. The port in Sztynort was put up for sale at auction by the courts with a reserve price of PLN 15 mln. The property comprises over 51 ha, which includes a yacht harbour with a guest house and a restaurant. King Cross won the auction having bid above the reserve by just the minimum mandatory increment. “The King Cross Group has decided to continue investing in Poland. We have, however, withdrawn from shopping centres and now want to focus on projects from other segments of the commercial real estate market. We are particularly interested in hotel and recreational projects due to the opportunities we see in this segment. We are looking carefully at the market for future projects and choosing only to invest when a project is well thought-through,” explains Marcin Trybus, a board member of King Cross. The plan is now to renovate the Masurian port and the old park that surround