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News Release

Warszawa

Jones Lang LaSalle appointed as an exclusive agent of Galeria EMKA shopping centre in Koszalin


Warsaw, February 28, 2012 – We are pleased to announce that Jones Lang LaSalle has been selected as the exclusive leasing agent for the extension of Galeria EMKA shopping centre in Koszalin. The company will also advise on the re-modelling process of the existing part of the centre.

James Fife, CEO of LCP Properties, Poland says: “We perceive Poland as a market for long-term investments and we are increasing the value of our properties and their functionality for clients via active management. We would like to confirm our intention to continue the investment in and modernization and extension of Galeria EMKA, as a priority project in our portfolio. Gaining such a partner as Jones Lang LaSalle confirms the potential of the property offers good prospects for the future. We expect that our co-operation with Jones Lang LaSalle will successfully contribute to optimization of the gallery’s tenant mix and to fulfilling the expectations of tenants and clients. Jones Lang LaSalle’s strong position on the commercial real estate market in Poland, their years of experience, and accomplishments are recognized by many awards and by an impressive list of completions.” 

Grażyna Melibruda, Associate Director in Retail Agency at Jones Lang LaSalle adds: “Because of its attractive location, Galeria EMKA is already popular among Koszalin’s shoppers. We are very excited to have the opportunity of participating in an assignment which has a chance to transform the gallery into the most important shopping centre in the city, with a clear layout and comprehensive tenant mix which will make the fashion offer more attractive. Expanding the gallery to include a larger food offer will additionally increase the scheme’s attractiveness, as will the opening of a new leisure offer, which will create an interesting opportunity to the Koszaliners to spend their leisure time.”

Galeria EMKA shopping centre opened in 2002 and is a long-established prime shopping centre with a strong trading history. The two-storey retail scheme is located in the centre of the largest residential district of Koszalin and is easily accessible both by car and public transport. Currently, Galeria EMKA provides 15 000 sq m of leasable retail area and houses 100 shopping and catering units. The anchor tenants include such popular brands as: Reserved, Rossmann, Empik, Sano and RTV Euro AGD. The shopping centre also offers 550 parking spaces for visitors.

After extension, which is planned for Q3 2014, the shopping centre will be enlarged to 30 000 sq m GLA and will encompass 120 shops and a wide selection of restaurants and cafes. A larger car park will accommodate 1 090 spaces.