A BNP Paribas Real Estate Poland team of experts specializing in advisory services focused on the investment market, capital markets and investment strategies provided comprehensive assistance to Castorama in the purchase of five properties from Tesco. The properties are to be revitalized and will be refurbished in line with the chain’s latest concept, while some of them will be extended. The transactions counted amongst the most notable deals concluded in Q4 of last year.
The transaction was concluded as part of an ambitious strategy implemented by Castorama, the country’s DIY industry leader, focused on the chain’s growth and development involving investing in new properties. Retail suffers when in a limbo, and the pandemic has only accelerated the change process. The new circumstances prevailing on the market present opportunities for those that have the ability to adapt and swiftly review their strategies. There is still a considerable number of investors on the market that are not giving up on their growth plans and are in fact looking for new locations. Castorama is indeed taking advantage of the opportunity presented to it.
Mateusz Skubiszewski, Head of Capital Markets, BNP Paribas Real Estate Poland