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BNP to manage Ikea Centres

Eurobuild CEE 16 May 2017

POLAND BNP Paribas Real Estate Poland has been commissioned by Pradera to take on the management of four IKEA Centre retail parks in Poland.

The parks, which have a total area of more than 140,000 sqm, are located in Janki and Targówek (Warsaw), Katowice and Franowo (Poznań). The Polish property management mandates are part of the first pan-European contract of this scale signed by BNP Paribas Real Estate. Under the terms of this agreement, starting in Q2 the French company’s teams will manage the three Polish parks and ten German parks. In the second phase, eight retail parks in the Czech Republic, Denmark, Finland, Sweden and Switzerland will also be managed by BNP Paribas RE. “Finalising this transaction was one of the elements of our ambitious plans for growth on the Central and Eastern Europe real estate market. The portfolio will be managed by the very experienced property management team at BNP Paribas Real Estate under a pan-European contract,” explained Agata Brzezińska, the CEE head at Pradera. According to BNP Paribas RE, a key advantage in taking on this mandate lies with the location of its financial services centre in Warsaw. “This contract proves that the BNPPRE property management department, supported by its Polish and global headquarters, is able to execute corporate strategies to a best-in-class industry standard," added Michał Pszkit, the head of property management for BNPPRE Central and Eastern Europe.

In early March Pradera bought 25 Ikea Centres in eight European countries. This enlarged the Polish portfolio of BNP Paribas Real Estate Poland from 19 to 23 properties, of which nine are retail premises. Other shopping centres managed by BNP Paribas in Poland include Klif Fashion House in Warsaw, CH Klif Gdynia and CH Turawa Park in Opole

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