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Focus goes on shopping

Rafał Ostrowski 19 October 2017

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

Focus goes on shopping
The 6,500 sqm gla property is the fund’s third acquisition on the European market

CZECH REPUBLIC Focus Estate Fund has acquired Most Retail Park in Most from TK Development.

The 6,500 sqm gla property is the fund’s third acquisition on the European commercial real estate market. The investment fund previously purchased Ostrava Retail Park (Ostrava, Czech Republic) and the Galeria Sandomierz shopping centre (Sandomierz, Poland). The buyer was represented by Kocián Šolc Balaštík (KSB), KYHOS Real Estate and BDO and the funding was partly obtained from Raiffeisen Bank, while the seller was represented by Dentons.

“This is our first asset with a relatively high vacancy rate so we are taking on a challenge to reposition and improve the property in order to increase its profit margin to 12-15 pct. We are coordinating with the town authorities and the work has already begun. Our key focus is to increase the customer flows and ten ant turnovers of the tenants,” said Maxim Shkolnick a partner at Focus Estate Fund. Cushman&Wakefield has been commissioned to commercialise the property.


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