Patron Capital and Trei will invest EUR 140 million in the construction of approx. 20 retail parks

Patron Capital, a pan-European institutional investor focusing on real estate-backed investments, and Trei Real Estate, an international developer and owner of residential and commercial real estate, will build and manage 15 to 20 retail parks in Poland. The cooperation will take place under the joint venture agreement concluded and concerns Vendo Park facilities.

The partners plan to invest around € 140 million in the joint venture over the next three to five years. Patron owns 75 percent of the joint venture and Trei 25 percent. Five Vendo Parks are already under preparation. The first one is being built in Chorzów in the Śląskie Voivodeship, and its opening is planned before the end of Q4 2021. The remaining four locations are Otwock, Łapy, Skarżysko-Kamienna and Siedlce.

“Due to the invariably strong foundations of the Polish market and consumer preferences evolving towards convenient convenience shopping, the established joint venture is an attractive opportunity for our strategy and results from Patron’s previous experience in Poland. We are happy to cooperate with Trei and take advantage of the developer’s presence on the local market, as well as his extensive network of contacts and experience in the retail park sector. All these advantages will be extremely valuable in the implementation of our plan for the newly established joint venture in the coming years” – says Wiktor Lesinski, Director at Patron Capital.

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