Union Investment Real Estate is in exclusive talks to acquire Magnolia Park shopping centre in the Polish city of Wroclaw from Blackstone, according to EuroProperty.
Codenamed Project Pink, the mall has more than 100,000 m2 of retail space and 225 shops, restaurants and cafés. It is the largest retail complex in the city and one of the most dominant retail assets in the country.
The price tag for the mall is believed to be around €400 mln, reflecting a yield of around 5%. All parties declined to comment.
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The story appears in the latest edition of EuroProperty, part of the PropertyEU Group.
