Focus Estate Fund has closed the transaction on the acquisition of the Atrium Mosty shopping centre in Płock (Poland). The total area of the centre (GLA) is 18,000 sqm. The price has not been disclosed.
It is the fifth investment of the fund into the Polish retail sector. The other four assets are located in such cities as Opole, Sandomierz, Zgorzelec and Bartoszyce.
The seller of the property Atrium Group was represented by JLL, while the buy side was backed by Czabański & Gałuszyński, Gleeds and KKLW.
Atrium Mosty is a building in the city centre with over 50 shops. A great location along with the 660 parking places are indisputable advantages of Atrium Mosty. The stores like Biedronka, Sinsay, House, Media Expert, Pepco, CCC, Martes Sport, Rossmann are among its anchor tenants.
“We follow our strategy of diversifying the investment portfolio by acquiring properties in different geographical parts of Poland as well as by supplementing the format of retail parks with convenience shopping centres with excellent location. Moreover, the available vacancy allows us to reconceptualize the shopping centre and transform it into a place of family leisure which will successfully combine not just the shopping needs but entertainment and relaxation. I'd like to also highlight a very high level of professionalism and dedication of Atrium and JLL teams through the entire acquisition process”, Maxim Shkolnick, Focus Estate Fund General Partner, commented.
