PL

Arcona insists on Cream

Property and Facility Management
POLAND Munich-based fund manager Arcona Capital has appointed Cream Property Advisors to be the property manager and exclusive leasing agent of its portfolio of ten convenience centres in nine Polish towns and cities.

The portfolio of Tuż Tuż centres includes locations in Łódź, Gdańsk, Piotrków Trybunalski, Słupsk, Bydgoszcz, Grudziądz, Toruń, Głogów and Inowrocław. In April Arcona announced that it has sold a 2,561 sqm property in Kalisz, which had been vacant for several years, to a local retailer for EUR 945,000 net. The Arcona Property Fund is listed on the Amsterdam Stock Exchange and holds assets worth more than EUR 100 mln.

Cream will be fully responsible for all the accounting work as well as for making reports under International Financial Reporting Standards.

“We are very pleased that at such a difficult time for the market we have been able to secure such a well-respected client. I am convinced that our work together will prove a great success. Shopping squares are ideal for essential everyday shopping needs – we are going to improve what they offer while looking after every aspect of their operations. Cream Property Advisors has proven – and not just once – that we take great care of the properties entrusted to us,” claims Grzegorz Mroczek, the vice-president of Cream Property Advisors.

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schedule 09 July 2020
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schedule 09 July 2020
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schedule 08 July 2020
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schedule 08 July 2020
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schedule 07 July 2020
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