Futureal to buy out Caelum Development share in Poland mall
Property developer Futureal has agreed to buy out its 50-50 partner, Poland-based Caelum Development in the NoVa Park shopping center in Gorzów Wielkopolski, according to an official announcement from Futureal today.
The price of the acquisition was not disclosed.
“The acquisition was motivated by a 25% increase in year-on-year footfall and turnover figures,” the statement read in part.
NoVa Park currently hosts over 140 retail outlets on 32,400 square meters of floor space.
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