South-African investor Marr Holdings has bought two stores leased to DIY store OBI in Gdańsk and Łódź from Chariot Group.
Both stores were previously acquired by Chariot from Apollo Rida in January, 2018. After acquiring the properties, Chariot adapted the buildings to the needs of a new tenant. “The purchase of these two DIY stores from Chariot Group is our first transaction in Poland and we now looking to acquire a substantial real estate portfolio across Poland. Our investment mandate is non-sector specific and focuses rather on value investments that present strong intrinsic fundamentals supported by sustainable cash flow certainty,” said Jaysen Golding, the joint managing director of Marr Holdings.
Chariot Group was advised by JLL and Linklaters, while Marr Holdings was advised by Avison Young and Dentons.