Tewox, an investment company managed by Lithuania's Lords LB asset management, has expanded its presence in Poland with the acquisition of two retail parks.
The parks, located in Lódz and Radom, were purchased from Capital Park Group, a prominent investor, developer, and asset manager.
This marks Tewox's third investment in the Polish market, bringing its total retail park holdings to eight with a combined retail space of 55,700 m2.
The newly acquired parks, totaling nearly 10,000 m2, are home to approximately 30 tenants, including major retailers Lidl and Jeronimo Martins.
Paulius Nevinskas, CEO of Tewox, said: ‘This transaction underscores our commitment to sustainability, adhering to ESG criteria, which we are going to enhance at the acquired properties. Moreover, we prioritize leasing to tenants that provide a diverse range of services and activities, which is crucial for maintaining a competitive and stable income for our investors.’
Anna Tomaszewska, head of Investments at Capital Park Group, added: ‘This transaction reflects attractive investment opportunities within the Polish retail market. We believe that Tewox, with its commitment to sustainability and strong tenant mix, will continue to enhance the value and success of these properties. We look forward to seeing these retail parks thrive under their management and we will be supporting Tewox team by our property management services.’
The purchase aligns with the company's focus on stable rental income from retail properties occupied by reputable Polish tenants. Tewox aims to seize further investment prospects within Poland's commercial real estate sector.
mBank financed and Norton Rose Fulbright advised Tewox on the transaction.
This latest acquisition boosts Tewox's Polish real estate assets under management to over €90 mln.
