Hamburg-based Union Investment Real Estate has finalised the purchase of the Manufaktura shopping centre in Lodz in one of the largest shopping centre transactions of the year. The transaction amounts to around EUR 390 mln.
Hamburg-based Union Investment Real Estate has finalised the purchase of the Manufaktura shopping centre in Lodz in one of the largest shopping centre transactions of the year. The transaction amounts to around EUR 390 mln.
The seller is a property company belonging to French companies Fonciere Euris and Rallye and project developer Apsys, who will continue to manage the shopping centre.
With some 112,500 m2 of rental space, this fully-let shopping centre is currently the largest in Poland. Union Investment is acquiring 91,240 m2 of the rental space which is fully let. The DIY store and cinema are not part of the transaction and remain the property of owner-occupiers Leroy Merlin and Cinema City respectively.
Manufaktura is being added to the portfolio of the open-ended real estate fund UniImmo: Deutschland.
Hogan Lovells and Jones Lang LaSalle advised Union Investment. HSBC France acted as financial adviser to the vendors Apsys, Fonciere Euris and Rallye.
