HBK, asset manager of Direkt Invest Polen fund, finalised the sales transaction of a retail portfolio, comprising seven existing properties as well as development lands for new projects. Master Management Group became new owner of the portfolio. The total value of the transaction is approximately €60 million.
The portfolio comprises 7 existing shopping centres, offering approximately 63,000 sqm of GLA distributed over different formats – from retail parks to shopping centres. Properties are located in Kutno, Ciechanowów, Piekary Śląskie, Józefosław, Lubin, Poznań and Szczecin.
The advisory process for the seller was held by BNP Paribas Real Estate Poland’s Capital Markets CEE team.
“The sale of the HBK / Direkt Invest Polen portfolio proves investors’ persisting demand for retail assets throughout Poland. In Q2 2017, investment market transactions in the retail sector reached 80% of the overall volume. We estimate this trend to sustain until end of the year,” Piotr Goździewicz, MRICS, Director Capital Markets CEE.
