Rockcastle to acquire 3 commercial centers for PLN 2.2 bln

Mauritius-based investment fund Rockcastle has signed an initial agreement to buy three commercial centers in Poland for €522 million (PLN 2.2 billion). The facilities in question are Kraków's Bonarka City Center, Focus Park Zielona Góra and Focus Mall Piotrków Trybunalski. Rockcastle has signed a deal to takeover 92,000 sqm GLA Bonarka City Center with Trios Dutch Holdings for €361 million. The mall was opened in 2009, it is 94 percent leased and its turnover stood at €168 million in 2015.  The other two commercial centers are acquired from Aviva Investors. The investment fund will pay €112 million for Focus Zielona Góra (26,800 sqm GLA) and €49 million for Focus Mall Piotrków Trybunalski (35,200 sqm GLA). Rockastle informed also it had obtained €163.3 million financing for three other commercial centers: Karolinka, Pogoria and Platan.