PL

POLAND LCP buys second retail park from Ghelamco

Investment & finance
Ghelamco has sold the Plac Vogla retail park in Warsaw’s Wilanów district to LCP Properties for an undisclosed sum.

Plac Vogla, which opened on ul. Vogla in 2015, contains 5,000 sqm in 24 retail and service units, including restaurants, cafés, a cultural centre, a kindergarten and a post office, along with parking for 169 vehicles. Tenants include API Market, Rossmann, a Hop Pop children’s playroom, Loop Fitness, Home and Kitchen, Empik, Cosmedica, Vog'La 69 Fashion Outlet, Pet Experts, Optyk Tondryk and Batida.

Plac Vogla has perfectly addressed the needs of Wilanów’s residents, who enjoy spending time and shopping there. At the same time, this is the second – after Prochownia Łomianki – retail and service centre in our portfolio that LCP Properties has invested in. By handing it over to such an experienced investor in this market, we are confident that it will continue to be an important place for the local community.
Jeroen van der Toolen, the CEE managing director of Ghelamco

LCP Properties also acquired the Prochownia Łomianki retail park, also in Warsaw, from Ghelamco in October.

Plac Vogla meets the criteria for the best projects that serve as local retail and service centres that integrate with the community and provide it not only with a shopping space, but also somewhere to spend their free time. We continue to have a strong appetite for this type of property, so we are actively securing more facilities that meet our requirements. We want to grow, and the Polish market gives us the opportunity to expand our portfolio with quality retail parks. In addition, next year we will step up the development of our own centres – for this purpose, we have selected and secured plots and are talking with contractors.
Krystian Modrzejewski, the group operations director of LCP Properties

LCP Properties currently owns about 90 retail, office and warehouse properties across Poland. At the beginning of 2022, the total combined area owned by the company in such centres exceeded 360,000 sqm and was valued at EUR 460 mln.

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