Marcredo Shopping Centers with new owner

Capital Markets

Marcredo Shopping Centers with new owner

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HBK, asset manager of Direkt Invest Polen fund, finalized sale transaction of retail portfolio, comprising of seven existing properties as well as development lands for new projects. Master Management Group became new owner of the Portfolio. Total value of the transaction equals to ca. 60 mln EUR. The advisory process for the seller was held by BNP Paribas Real Estate Poland’s Capital Markets CEE team – Dr. Piotr Goździewicz, MRICS, Director and Rafał Proczek, Senior Consultant.

The portfolio comprises of 7 existing shopping centers, offering approximately 63,000 sqm of GLA distributed over different formats – from retail parks to shopping centers. Properties are located in Kutno, Ciechanowów, Piekary Śląskie, Józefosław, Lubin, Poznań and Szczecin. The properties are popular not only among customers, but also among tenants.

Sale of the HBK / Direkt Invest Polen portfolio proves investors’ persisting demand for retail assets throughout Poland. In Q2 2017, investment market transactions in retail sector reached 80% of overall volume. We estimate this trend to sustain until end of the year

Piotr Goździewicz, MRICS, Director Capital Markets CEE

The transaction is reflecting current investment market demand, clearly proving the investor’s appetite for attractive retail schemes in secondary cities of Poland

Rafał Proczek, Senior Consultant, Capital Markets CEE

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