Czech investor CPI Property Group has finalized its acquisition of a portfolio of five HopStop-branded retail parks across Poland from developer Katharsis Development. The portfolio includes four existing properties – located in Radom (opened in 2013), Zamość (two parks, opened in 2015 and 2016) and Warsaw’s Rembertów district (opened in 2017) – and one pipeline project in Siedlce that has already been 90-percent commercialized. In total, the transacted assets comprise more than 19,000 sqm of GLA. The transaction was brokered by companies including Apleona GVA (representing the seller) and Knight Frank (representing the buyer). Katharsis Development plans to continue to develop HopStop-branded retail parks with the next projects of this kind set to be built in Ostrów Wielkopolski and Warsaw’s Wawer district.
Image: Apleona GVA