Newbridge, a developer-investor focused on Poland, has acquired a portfolio of three shopping centres from fund manager Aerium for an undisclosed amount.
The portfolio includes CH Czyzyny and CH Bielawy, both opened in 2002 in the cities of Krakow and Torun respectively, and CH Guliwer, which has been operating in Lodz since 1997.
The assets encompasse over 72,000 m2 of gross lettable space. They are all anchored by a Carrefour hypermarket and boast an occupancy of 99%. Originally developed by the French retail giant, the properties were sold by Carrefour to Aerium in 2006 as part of a pan-European portfolio.
Charles-Edouard Castella, portfolio manager for Central and Eastern Europe at Aerium commented, 'Our long term partnership with Carrefour which is anchoring our shopping centres in Poland and beyond has been a very successful one and we are extremely pleased that Newbridge is taking over the reins of these successful shopping centres.'
Rory Mepham, CEO of NewBridge said: 'We are really excited about this acquisition and hope that this will lead to further investment opportunities. Each of the properties have significant upside possibilities.'
Apleona GVA and SSW advised Aerium on the sale of these assets. NewBridge was assisted in the acquisition by Greenberg Traurig on the legal side, as well as Deloitte and Arcadis. Deutsche Pfandbriefbank provided senior debt finance.
Based in Warsaw, Newbridge was founded in 2015 by businessman Rory Mepham and the Somerston, headquartered in Jersey (Channel Islands).
