jantar

CBRE Global Investors  has acquired the Jantar shopping centre in Slupsk, Poland, for a net purchase price of EUR92.0 million, reflecting a net initial yield of 7.1%. The asset was acquired on behalf of one of its separate account clients from Tristan Capital Partners.

The dominant regional centre is 44,364 sqm and is located in the city of Slupsk in northern Poland. It contains a strong tenant mix including Intermarche, H&M, New Yorker, Decathlon, several Inditex and LPP brands, a six-screen cinema Multikino multiplex and a food court with a wide range of restaurants.

Jeroen de Grunt, Portfolio Director, Separate Accounts EMEA, CBRE Global Investors said: “We acquired this well-performing centre as the first direct acquisition for this client in Poland. Poland provides an attractive pricing/risk premium in comparison to shopping centres in Western Europe, and fits with our client’s strategy to acquire dominant regional shopping centres with limited competition.”

Martin Sabelko, Managing Director CEE, CBRE Global Investors said: “Retail investments in Polish second-tier cities are offering prime investment opportunities and are in line with our strategy. Our long-standing team continues to be active on the ground looking to source additional investments for our clients.”

CBRE Global Investors was advised by Linklaters, Savills and CBRE Building Consultancy. Tristan Capital Partners was advised Cushman & Wakefield and Dentons.

Web Site : http://www.cbreglobalinvestors.com/

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