Cushman & Wakefield appointed exclusive advisor on the sale of Orkana Gallery in Lublin
12 Mar, 2012, Warsaw
Cushman & Wakefield, a leading global real estate services firm, has been exclusively instructed by Endurance Fund to dispose of Orkana Gallery.
Galeria Orkana is a modern shopping centre located in Lublin at Orkana Street with a very strong location opposite Tesco Extra and OBI. The property comprises a gross leasable area of approx. 7,956 sq.m and houses nearly 50 retail and services units arranged over two floors. It features a number of new renowned brands that entered the Lublin market such as Bata, Orsay, Reserved, Vistula, Bartek, Carry, Venezia. The shopping centre offers around 245 parking lots. It was opened in August 2006.
Anita Rajchelt, Associate from Capital Markets Group of Cushman & Wakefield, said: “We are very happy to represent Endurance Fund. With its strong and secure cash flow, stable leases and structured asset management approach, Galeria Orkana provides an interesting investment opportunity.”
The Endurance Real Estate Fund managed by Orco Property Group is a Luxembourg-regulated closed-end mutual fund (fonds commun de placement - fonds d'investissement spécialisé) organised as an umbrella fund with sub-funds focused on real estate acquisitions on office, retail and residential markets in Central Europe.
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