“Despite the restrained position on retail in general, our feedback on Focus Estate Fund's spotlight on the format of retail parks and convenience shopping centres is positive. Obviously, this category of retail is the least exposed to market fluctuations and risks associated with the pandemic” BNP Paribas Bank Polska commented on the deal.

“Without any doubt, we are pleased to intensify cooperation with our banking partner BNP Paribas Bank Polska. BNP has supported the Fund's plans to implement a value-add strategy in the Central European markets by offering good conditions. Cooperation with the Bank during the pandemic is a reliable testament to the sustainability and stability of our assets, which continue to demonstrate attractiveness to financial partners, investors, tenants and consumers. With this vote of trust, we can enter into negotiations on the purchase of new retail properties in Poland,” said Maxim Shkolnick, Focus Estate Fund Partner.