Tuesday, October 22, 2013

Oxygen and Galaxy on sale? So, if you find a good customer - Gazeta.pl

– Yes, they can be for sale if it will be a good customer – said Wojciech Gepner, public relations manager at Echo Investment. – It is not that we are forced to deal.

As reported Gepner, Echo Investment peeled strategy to not only manage and profit from rental constructed by the centers or office buildings, but also to sell it. The transaction is possible if the company provides a reasonable return.

– We do not give notice of the sale – said Wojciech Gepner. – Due to price, number of customers is limited. It’s a small market, as a rule, are interested in investment funds.

In July of this year, the Kielce company for 41.9 million office complex sold Aquarius Business House in Wroc?aw Area: 25 thousand. sq.m. The new owner was Spanish investment fund Azor Europe.

In March of this year in the package sold three shopping centers in Radom, Tarnow and Piotrkow. The total area of ??20 thousand. sq m Price 67 million. Buyer: company London & Cambridge Properties Ltd, based in London.

– Money from the sale to devote to new projects – said Wojciech Gepner. – A is for them to include Q22 construction of a 150-meter skyscraper in the business center of Warsaw. It is the biggest investment in our history.

Construction Q22 will cost half a billion dollars. This is 50 thousand. sq m.

Completion of the first stage of the A4 is scheduled for the first quarter of 2014, is nine thousand. square meters of office space, which is already fully leased by the company IBM.

Two years ago, for $ 102 million, the company sold 34 thousand. square meters of fully leased offices in Progress Park in Warsaw. Then the deal was made because of the need to maintain liquidity. There were also concerns that will be difficult to obtain financing for new projects.

Oxygen Szczecin is 14 thousand. sq m of Class A Galaxy is 94 thousand. sq m and agreement on the expansion of the city

– This is a good property – praises Gepner. – The building is well-located, fully and well leased. Galaxy still belongs to the first three of our best shopping centers – from 800 thousand. up to a million visitors per month.

How much you can buy the Galaxy, and for how much Oxygen?

– Valuations do not have, if you are a customer, then it will be examined – says Gepner.

Whether to buy is also a gallery Cascade? What strategy applies owner – ECE?

– The panel will answer the question – said Monika Pyszkowska, director of the Gallery of Cascade.

Answer from the central to the question we have a chance to get in on Wednesday.

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