German lender Pbb has provided an investment facility of €74 mln to retail investor Newbridge for the acquisition of three shopping centres in Poland.
The three malls are Bielawy in Torun, Guliwer in Lódz and Czyzyny in Kraków.
The 72,000 m2 portfolio is nearly fully leased, with Carrefour Polska as the anchor tenant on long leases for all three centres.
'The retail segment is undergoing a number of changes, as we all know. So we are pleased to work with clients like Rory Mepham and the Somerston group, the founders of Newbridge, both of whom have extensive experience in this market,' said Charles Balch, head of international clients, UK & CEE at pbb.
Newbridge was established in 2015 as a wholly owned subsidiary of the Somerston Group, a real estate investment and development company headquartered in Jersey, Channel Islands. Headquartered in Warsaw, it focuses on regional retail parks and shopping centres in Poland.
