News Article FREY Gdańsk Ingka investment Poland retail
by Property Forum | Investment

French investment firm FREY has acquired Park Handlowy Matarnia in Gdańsk from Ingka Centres for €105 million. This is FREY’s first acquisition in Poland.

Matarnia Park Handlowy is a 52,278 sqm retail park. Matarnia surrounds the one and only IKEA store in the region, Together with IKEA, the total retail area comprises 73,000 sqm on-site.

Antoine Frey, Chairman and Chief Executive Officer of Frey said: “This acquisition will enable Frey to continue to implement its strategy of becoming the European leader in sustainable retail. A Prime retail park ideally located in one of Poland’s most dynamic cities, Matarnia Park Gdansk also benefits from the attraction of one of Poland’s first IKEA’s on site. Frey will be able to transform this high-potential asset to bring it up to the standards of its Shopping Promenade® concept and get the most out of it. This acquisition also marks Frey’s first investment in Poland, one of the most dynamic economies in Europe”.

Karoline Nader-Gräff, Global Investments and Divestments Manager at Ingka Centres said: “The completion of this successful transaction with Frey is a testament to Matarnia Park’s strong performance track record and proven resilience during the pandemic and against a transitioning retail landscape. We are excited to have facilitated Frey’s first footprint in the Polish market and look forward to seeing Matarnia Park continue to prosper under new ownership”.

Gide supported FREY with its acquisition of Park Handlowy Matarnia in Gdansk from Ingka Centres.