JLL: Investment transactions in retail segment at nearly €1.4 bln

The value of investment transactions in the retail segment amounted to €130 million in Q1 2015, and it is expected to stand at €1.39 billion at the end of the year, according to associate director at JLL, Agnieszka Kołat. The biggest transactions in Q1 were the purchase of Sarni Stok in Białystok by Union Investment for an undisclosed amount and the acquisition of Solaris in Opole by Rockcastle for €52 million. Retail space increased by 94,000 sqm in Q1 2015 and currently it stands at 12.47 million sqm. Tarasy Zamkowe (38,000 sqm) in Lublin was the only new project completed in Q1. Apart from that, the expansion of the following projects was finalized: CH Ogrody in Elbląg, Magnolia Park in Wrocław, Atrium Copernicus in Toruń and Rondo in Bydgoszcz.