Czech investment group SCF and its partners have completed the acquisition of Jantar shopping centre in Słupsk, Poland, the largest retail centre in central Pomerania with 44,000 sqm of leasable area. The seller was global real estate investment manager CBRE Investment Management (IM).
This marks SCF's seventh Polish shopping centre, further strengthening its position in the Central European retail market. Besides Poland, SCF owns and operates shopping centres in the Czech Republic and Slovakia.
"We believe Poland is one of the most attractive real estate markets in Central Europe, which is why we want to expand our activities here," said Josef Malíř, CEO and Owner of SCF. "The newly acquired shopping centre meets exactly the criteria we look for in properties - strong location, stable tenant mix and real potential for value growth."
Karel Zeman, Country Lead CEE at CBRE Investment Management, said: "Given the limited number of transactions involving large shopping centres in Poland in recent years, it was a real pleasure to work with SCF. During the nearly decade-long period we owned this shopping centre, we substantially transformed it and strengthened its position and long-term performance."
Jantar shopping centre features over 125 shops across two floors and 1,100 parking spaces. The centre includes a multiplex cinema, large food court, children's playground, and hosts regular exhibitions and concerts.
Deal financing was provided by Aareal Bank and J&T Banka. Dentons supported SCF on the legal side, while Cushman & Wakefield and CMS worked with the seller.
