Company: Master Management Group
A native of Minnesota, Paul Kusmierz, has been a resident in Poland and active in the Polish and CEE real estate markets since 1996. In 2006, Mr. Kusmierz founded Master Management Group (MMG). MMG has become one of the top leaders in the Polish real estate market, gaining the trust of INTERNATIONAL business partners in terms of development, management and investment. Mr. Kusmierz has been responsible for over 32 transactions totalling over 1.2 billion Euros.
As the Acquisition Director and Equity Partner in a retail fund based in Poland with Europa Capital, Mr. Kusmierz managed one of the largest transactions of 2007. He acquired 14 properties and later sold the portfolio. Further, in cooperation with the Blackstone Real Estate Group, MMG was responsible for transaction advisory, property management and leasing of high-quality Polish shopping malls of 250 000 m2 GLA, owned by King’s Street Retail, which included the successful 50 million Euro expansion of Magnolia Park in Wrocław, whereby MMG was the developer and leasing agent. MMG also partnered with UK based Marcol Group and US based Kravco Company. The latest development project in the MMG portfolio was Galeria Młociny, a prime retail complex of 70 000 m2 GLA, located in the Bielany district in Warsaw. The project was leased 60% and successfully sold to Echo Polska Properties and Echo Investment S.A. in March 2017 for 104.5 million Euros.
Master Management Group, under the leadership of Mr. Kusmierz, has been investing in commercial real estate and executing its own projects. Currently, MMG operates over 100 000 m2 of GLA in Poland including: Brama Mazur in Ełk, Galeria Niwa in Oświęcim and centers in: Poznań, Szczecin, Lubin, Kutno, Ciechanów, Piekary Śląskie and Józefosław (MMG Centers*). All galleries are “the first choice” shopping destinations in their regions with a proven track record in every aspect of management. Niwa and Brama Mazur were both developed by MMG and are award winning projects.
MMG is also an investor and developer of a mixed use complex Hi Piotrkowska 155, located in the Public Transport Hub in Łódź city centre, as well as three shopping centers in Kołobrzeg, Legionowo and Zawiercie. The latest project in the MMG portfolio is Forest Park Outlet, the first designer outlet center with a village designed concept in Poland, that enjoys great popularity in Western Europe. The first phase of the project located in Łomna near Warsaw, close to the Warsaw – Gdańsk route and Modlin Airport, will have an area of almost 19,000 sq. m.