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Almost EUR 2 bln for Polish malls

Eurobuild CEE 12 January 2018
Almost EUR 2 bln for Polish malls
Agata Sekuła, head of retail investment CEE at JLL

POLAND Over EUR 1.93 bln retail investment deals were concluded last year in Poland, according to JLL. The consultancy expects a strong start to the year ahead.

“It is worth stressing that some major transactions that were expected to close by the end of 2017 have been moved to early 2018, suggesting a strong start to the year ahead. One such transaction – the sale of the portfolio of 28 retail centres for app. EUR 1 bln – took place at the beginning of January”, says Agata Sekuła, head of retail investment CEE at JLL.

The major retail transactions completed in Q4 2017 included: the sale of Magnolia Park in Wrocław by Blackstone to Union Investment for app. EUR 380 mln, the sale of four retail parks – two in Warsaw and one in both Katowice and Poznań - by IKEA Centres to Pradera European Retail Parks SCSp, and the acquisition of outlet centres (Warsaw, Gdańsk and Sosnowiec) by the Deutsche Asset Management fund, as well as the sale of Galeria Słoneczna in Radom and Alfa in Białystok.

Prime yields for best-in-class, dominant, major shopping centres in Poland currently stand at 4.9 pct, while prime retail parks are expected to trade at app. 7.0 pct.


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