Cushman & Wakefield, a global real estate services firm, was appointed manager of Galeria Orkana in Lublin in August 2016. The shopping centre is owned by real estate group CPI Property Group.
Galeria Orkana is a two-level shopping centre located in Lublin at the junction of Władysława Orkana and Zwycięska streets. It offers building area of 17,000 sq m of floorspace for about 50 retail stores, restaurants and service outlets of top brands, including Reserved, Orsay, W. Kruk, Vistula, Sinsay, Jysk, CCC, Rossmann, and the Cukiernia Sowa cake shop, the first in the Lubelskie province. It also provides 220 underground and surface parking spaces. Galeria Orkana has become a social point for many Lubliners for its regular social and cultural events such as free medical examinations for seniors and 4D ultrasound scanning for pregnant women. Constructed in 2006, Galeria Orkana has been managed by Cushman & Wakefield since August 2016.
András Marton, International Asset Manager, CPI Property Group, said: “Having very positive experience of cooperation with Cushman & Wakefield in the Czech market, we decided to instruct its Polish office to manage the Galeria Orkana Shopping Centre. We are confident that through this cooperation we will make better use of the potential of this scheme which is already popular with Lubliners on account of its convenient location and wide choice of stores.”
CPI Property Group established cooperation with the Czech office of Cushman & Wakefield in January 2012. Cushman & Wakefield now has nearly 160,000 sq m of seven shopping centres under management in the Czech Republic (Quadrio, FÉNIX, IGY České Budějovice, Olympia Teplice, City Park Jihlava, OC Spektrum and Olympia Mladá Boleslav).
Joanna Kłusek, Director, Retail Asset Services at Cushman & Wakefield, said: “We are absolutely delighted with this commission. We are confident this mandate will demonstrate our consistent approach to quality and client satisfaction across the region as in the case of other cross-border mandates.”
CPI Property Group is a leading real estate manager in Central and Eastern Europe and in Germany, focusing on long-term investments, real estate leasing and asset management. Its diversified portfolio valued at more than EUR 4 bn comprises a wide range of properties in Germany, the Czech Republic, Slovakia, Hungary, Poland and Romania. With more than 633,000 sq m CPI Property Group is the largest retail space owner in the Czech Republic, concentrating on the development of midsize stores, retail parks and supermarkets, as well as managing hotels and office buildings.