LCP Properties buys retail park in Rawa Mazowiecka

12
May
2021
News - LCP Properties buys retail park in Rawa Mazowiecka #LCP Properties #Poland #purchase #retail #retail park

by Property Forum | Investment

LCP has signed a purchase contract for a retail park in Rawa Mazowiecka, located between Warsaw and Łódź. It offers over 2,700 sqm of GLA and 45 parking spaces. The size of the entire plot is over 5,200 sqm. Among the tenants are Kik, Dealz, Martes Sport and CCC.


“The purchased retail park fits perfectly into our company's purchasing strategy. We are actively looking for new commercial projects, as well as plots for retail and warehouse (SBUs)," says Katarzyna Szeleźnik, Acquisitions Director at LCP Properties.

The selling party was Green Hill Investment, which also cooperates with LCP on another project in Rawa Mazowiecka.

“The sale of the facility in Rawa Mazowiecka is another success for us and a confirmation that Green Hills Investment is going in the right, development-oriented direction. The projects we implement are popular both among tenants and entities interested in their purchase. The transaction in question in Rawa Mazowiecka is a continuation of the fruitful and long-term cooperation with LCP and allows for the implementation of further attractive projects," comments Sebastian Sypniewski, Member of the Management Board of Green Hills Investment.

"Our plans are quite ambitious, we have €200 million to invest by the end of 2022 and we are willing to cooperate with developers and plot owners. We are alos open to various forms of cooperation: purchase of existing real estate, or joint implementation of projects, as well as purchase of land for investments. Our advantage is flexibility and fast transaction execution," adds Krystian Modrzejewski, Group Operations Director, LCP Properties.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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