Avison Young represented a global investment manager in the sale of a portfolio of four retail facilities, located in regional cities: Stara Cegielnia in Szczecin, Galeria Kosmos in Koszalin, OK Centrum Wałbrzych and OK Centrum Strzegom, with a total area of about 15,000 square meters GLA. Information on the value of the sale and the buyer's entity was not disclosed. All the facilities have a food operator of well-known discount chains - Lidl, Biedronka or Intermarche - as the main tenant. The buyer has plans to refresh some of the acquired assets and re-commercialize them.
"This transaction confirms that established retail formats, located in central, convenient locations, which can be acquired at attractive pricing, will continue to be the subject of transactions", Michał Cwikliński, Principal, Managing Director at Avison Young in Poland, comments on the transaction.
On legal matters, the seller was advised by Dentons.
