ARTICLES LABELLED WITH TAG Stage Capital

Galardia Shopping Center in Starachowice (Central Poland), developed from a greenfield by Stage Capital and Sierra Balmain, has a new owner – Future Estate. The agreement finalizing the transaction was signed on September 26, 2024. Avison Young's investment team represented the seller as the exclusive sales agent. The price has not been disclosed. 

Property manager Sierra Balmain has taken leasing and administration roles for the second owner of Osowa Shopping Center in Gdańsk. 

Sierra Balmain has been appointed by Stage Capital to provide property management and leasing services for three shopping centres in Poland: Galeria nad Jeziorem in Konin, Pasaż Łódzki in Łódź and CH Osowa in Gdańsk. The agreements include all aspects related to the management of each location, including, operational management, property-related finance matters, lease management, leasing and marketing. These three mandates add to a successful management partnership with Stage Capital, which already included Centrum Galardia in Starachowice.

Stage Capital, a European secondaries’ investor, acquired a portfolio of shopping centres in Poland from Pradera Central European Fund. The acquisition was on behalf of Stage Capital Laurel II, Stage Capital’s second fund, and backed from funds managed by Glendower Capital.

CBRE Global Investors, on behalf of clients, has acquired a logistics/light industrial portfolio in Plzen, Bohemia, Western Czech Republic from Stage Capital in an off market transaction.

Stage Capital has sold a 151,000 sqm portfolio of Czech logistics assets to CBRE Global Investors for €125 million. The portfolio includes four standing assets and development land with planning permission for one more asset.