Estonians file letter of intent to take over large shopping mall in Poland
21:31
Estonian investment fund Summus Capital has signed a letter of intent to potentially acquire a modern shopping and entertainment center in southern Poland. The unnamed property attracts around 6 million visitors annually and serves a population of 1.7 million within a 30-minute drive. It is 99% leased, mostly under euro-denominated, inflation-indexed contracts, and has potential for a 6,000 m² expansion.
The final transaction is planned for the second half of 2025, pending due diligence and regulatory approval. This move aligns with Summus Capital’s strategy to expand in Poland and maintain retail assets at around 50% of its €500 million portfolio. The fund manages 16 properties across Poland and the Baltic states.
