An Israeli company bought Galeria Andrychów

Less than a year after its opening, Galleria Andrecho changed hands.

Andrychów . Gallery It is a joint venture between international companies Actium And the Equilis Poland. The gallery opened on November 25, 2021. It only took one year to build. The fair includes more than 30 chain stores. It turns out that the largest shopping center in the area has just moved.

Business big shopping malls From Israel bought two shopping centers in Poland: Andrychów . Gallery And a similar gallery, but smaller and still closed (scheduled to open in September) at Gallery Lublin. The transaction value is 65 million euros. This is the first investment of an Israeli company in Poland.

These transactions reflect our company’s plans to locate strategic assets in Eastern Europe and the Balkans – said Hay Galis, president of BIG. – It is necessary to enter the Polish market to become an important player in the market, and Poland has great development potential. At the same time, we continue to expand our business in Eastern Europe with AFI Properties, which is currently in very active activities, as evidenced by new transactions undertaken last year and existing construction projects.

big shopping malls It was founded in 1994 by Naphtali Jews. It is a leading real estate group in Israel. It focuses on development, operation and investment in shopping malls, operational lifestyle, logistics, office and residential real estate, as well as renewable energy. BIG is a public company listed on the Tel Aviv Stock Exchange since 2006, with a market capitalization of approximately 3.1 billion euros as of December 31, 2021. It is listed on the prestigious TA-35 Index (an index of 35 important companies listed on the stock exchange in Israel). BIG is the majority shareholder (approximately 85%) in AFI Properties Ltd.

As of January 2021, AFI Properties Ltd. A leading large-scale real estate acquisition company with a primary focus on the office and residential sectors. It currently operates in five countries: Israel, Serbia, Romania, Poland and the Czech Republic.

AFI Properties Ltd. It is a public company, listed on the Tel Aviv Stock Exchange since 2004, with a market capitalization of approximately €2.1 billion as of December 31, 2021.

Source: press materials

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