Pruim, a company managed by Polish private equity investment and asset manager Griffin Real Estate, has sold six retail properties with a total gross lettable area of over 107,600 m2 to a confidential buyer. The value of the transaction is €87 mln.
The properties consist of six hypermarkets in Szczecin, Rybnik, Slupsk, Gdansk, Nowy Sacz and Lublin. All the assets are fully leased to Auchan Poland based on 12-year lease agreement signed last year. The transaction is in line with the divestment strategy adopted by Griffin Real Estate for part of its retail assets.
'These properties have a long history of producing good sales results, and are secured with long-term lease agreements with Auchan – retailer with an established position on the Polish market. The successful sale of this portfolio confirms that high-quality retail properties are still in demand,' said Piotr Fijolek, senior partner at Griffin Real Estate.
Earlier this year Griffin Real Estate completed the sale of four retail parks part of the “M1 portfolio” to EPP for €106 mln.
Pruim, a company managed by Polish private equity investment and asset manager Griffin Real Estate, has sold six retail properties with a total gross lettable area of over 107,600 m2 to a confidential buyer. The value of the transaction is €87 mln.The seller was advised by Linklaters (legal advice), Colliers (commercial advice), and Arcadis (technical advice).
