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Ukrainian Focus Estate Fund reached a deal to purchase the shopping center Galeria Sandomierz (Sandomierz, Poland), 5 435 sqm of GBA.
Cushman & Wakefield, Czabański & Gałuszyński and CSWP acted on behalf of the buyer. The seller Euro Real Estate Investments LLP, property management company, part of the group Marcol (UK) was represented by JLL.
“It is our first investment deal in commercial real estate in Poland. Today we are about to complete a few more deals in Poland and the Czech Republic. We are focused on non-premium objects of commercial property of medium format in Central and Eastern Europe. Galeria Sandomierz is a qualitative asset in our portfolio with profitability of over 10% EUR already”, - commented Andrii Kozin, Managing Partner in Focus Estate Fund and Member of Supervisory Board in URE Club.
“Demand for commercial objects, which are located in regional cities and dominate in the segment is quite high. The agreement of Focus Estate Fund is an excellent example of the growing interest in the investment opportunities in Poland”, - noted Jerzy Sukhovolets, Cushman & Wakefield.
Galeria Sandomierz – is the only modern shopping center with 5 435 sqm of GBA in Sandomierz (Poland) including its surroundings. Has been operating since March 2009 the mall offers 4 400 sqm of retail space (GLA), 160 parking spaces and has a 97,5% occupancy level. Anchor tenants of the shopping center are Carrefour (supermarket) and RTV Euro AGD (electronics). Among others, there are popular fashion-brands Reserved, House, Wrangler, Wojas, 4F, Logo, De facto, Cropp Town, Diverse, Top Secret, 5-10-15 (Kids), CCC, and Natura (Health & Beauty) .
Focus Estate Fund is a Real Estate Fund headquartered in Kiev, which focuses on non-premium objects of commercial real estate in Central and Eastern Europe. The Fund plans to invest in the development of commercial real estate projects of retail medium format in the most dynamic markets in Europe in the amount of 50 million Euros over the next 2-3 years.
