Atrium buys Focus Mall in Bydgoszcz for €122 mln

Atrium Real Estate has purchased Focus Mall in Bydgoszcz from Aviva Investors for €122 million. Consultancy CBRE advised the buyer said in the negotiations. “Investors are increasingly interested in regional commercial real estate markets, both large and smaller, recognizing their growing potential. In the coming years, these cities will witness a gradual increase in the number of transactions across all segments of the commercial real estate market as well as the implementation of new projects. There is an interesting trend that is rapidly gaining in popularity to expand and revitalize older buildings. This trend is now reaching smaller cities,” said Mike Atwell, Head of Capital Markets CEE, CBRE. Focus Mall was developed by Parkridge Retail Development and delivered in 2008. It offers 41,000 sqm of GLA. Its list if tenants includes supermarket Alma, electronics store Saturn, the Cinema City multiplex, sports accessories store Intersport and a number of fashion brands, like Zara, Reserved and C&A. Its catchment area is estimated to include 470,000 residents.