A joint venture between Generali Investments CEE and SCF Investment Partner has acquired six Polish retail parks from pan-European real estate investment manager Patron Capital and Trei Real Estate for approximately €110m.
Comprising 68,000sqm of gross leasable area, the acquired portfolio spans six locations across Poland, including Chorzów, Otwock, Skarżysko-Kamienna, Szczecin, Kostrzyn nad Odrą and Zambrów.
The six food-anchored convenience assets were developed as part of a joint venture, established in 2021, between Patron Capital’s Fund VI and Trei.
Wiktor Lesinski, investment director and partner at Patron Capital, said: “The strong fundamentals underpinning the Polish market combined with an ongoing shift towards convenience-driven shopping has meant the retail park sector continues to perform very well.
“The sector’s resilience through economic cycles, supported by a relative undersupply of modern retail formats in regional cities and towns, have created a compelling investment case for Patron. This transaction reflects both the quality of the assets we have developed with Trei and our continued confidence in the Polish retail park sector.”
To read the latest IPE Real Assets magazine click here.
