The PKO TFI fund sold a portfolio of 5 retail parks to Lords LB AM

The PKO TFI fund sold a portfolio of five retail parks with a total leasable area exceeding 35,000 to Lords LB Asset Management. m2, reported BNP Paribas Real Estate Poland, which advised on the transaction.

“The retail parks we have sold have been important places for local communities for years. An excellent location always on the way and a carefully arranged list of shops make residents eager to visit them and shop there. By handing over this portfolio to an experienced investor, in which we were supported by advisors from BNP Paribas Real Estate Poland, we are sure that these centers will continue to maintain their strong position,” said Paweł Welo, director of the Real Estate Investment Department at PKO TFI, quoted in the release.

The retail parks sold by PKO TFI are located in medium-sized cities in central, eastern and western Poland – in Kalisz, Głowno, Puławy, as well as in Świdnica and Przemyśl. The smallest facility, in Puławy, offers just over 2.5 thousand. m2 of leasable space, while in the largest one in Świdnica, tenants have a little over 10,000 sq m at their disposal. m2.

“The change in customer habits and expectations over the last two or three years has made the retail park sector flourish and investments are not slowing down. The transaction in which we advised confirms the potential and high confidence of foreign capital in well-commercialized assets of this class,” said Mateusz Skubiszewski, director of the Capital Markets Department at BNP Paribas Real Estate Poland.

PKO TFI is the largest retail fund manager in Poland, managing funds entrusted by over 1.7 million clients. Currently, the Company offers over 60 different types of funds and investment programs.

PKO Bank Polski is the leader of the Polish banking sector. The bank’s shares have been listed on the WSE since November 2004. The bank’s total assets amounted to PLN 418.09 billion at the end of 2021.

Source

Our privacy policy