Katharsis Development sells HopStop Siedlce to LCP Properties

HopStop, convenience retail park in Siedlce, Poland, has been sold by Katharsis Development, Polish developer, to LCP Properties, British investor.

HopStop in Siedlce is a subsequent retail park developed by Katharsis Development. Other HopStops, located in Radom, Zamosc (2 units) and Rembertow have been sold in a portfolio transaction in 2018. In that transaction, which was recognized with Transaction of the Year award during CEE Investment Awards gala, Avison Young investment team has represented the seller as well.

Same as the other HopStops, HopStop in Siedlce is a modern, convenience retail park. It has almost 4,900 sq m GLA and was developed by Katharsis Development and opened in 2019. HopStop retail park is located 2 kilometers from the centre of Siedlce at Partyzantów Street, in the direct neighbourhood of a new multi-family housing development.

This retail park is 100% leased to such notable tenants as, Lidl, Hebe, Pepco, Media Expert, Kik, Rossmann, including Orlen petrol station within the complex.

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