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News Release

Warsaw, Poznan

Stary Browar sold


​​Fortis Nowy Stary Browar - company owned by Grażyna Kulczyk - has sold Stary Browar centre to Deutsche Asset & Wealth Management (Deutsche AWM), a fund that invests in the real estate market on behalf of the Grundbesitz Europa German fund.

Experts from the JLL's retail investment team advised the vendor on the transaction.

Stary Browar – Centre of Arts and Business was developed in 2003 and is located in the centre of Poznań at 42 Półwiejska Street. The centre accommodates a retail project, art gallery and cultural space. The 220 retail and restaurant points, a modern art gallery, exhibition and event halls and a cinema multiplex are all housed in Stary Browar's 130,000 sq m of space. The building was based around the old Browar Huggerów (Huggers' Brewery), a post-industrial historic object. Its investor was the Fortis company owned by Grażyna Kulczyk.

The new wing of Stary Browar (similar in size to the already existing one), offering over 65,000 sq m, opened in March 2007. Furthermore, the scheme has its own park covering four hectares.

Stary Browar has won awards on numerous occasions for its original concept and architecture and is considered to be one of Poznań's flagship investments.

Agata Sekuła, Head of Retail Investment CEE at JLL, comments: "Participation in the sale of such a unique object as Stary Browar was a huge honour for us. The transaction confirms the continued activity of international institutional investors in the retail segment. We forecast that the volume of retail investment transactions in Poland this year will hit 1.6 billion EUR – the best result since 2007".