Mayland sells €236m worth of malls

DTC Finance has completed the disposal of two Mayland shopping centers – Karolinka in Opole and Pogoria in Dabrowa Gornicza – and has negotiated a sale option on a third shopping center in northern Poland. The acquisitions have been made by MGPA Europe Fund III.

Karolinka Shopping Centre in Opole is an out-of-town shopping destination of 70,000 sqm GLA with the primary catchment area of 455,000 people and 6.5m visitors in 2009. Pogoria Shopping Center is a city center scheme of 36,000 sqm. Both projects are almost fully let to brands like Real (Metro Group), Leroy Merlin, Decathlon, H&M, KappAhl, Cubus, New Yorker, and Reserved. Mayland, part of the Casino group, will keep the property management job on both of the centers after the transaction.

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