Shopping centers and parks in demand
Poland’s retail real estate market is seeing its strongest investment revival in several years, with investors again buying major shopping centers, retail parks and property portfolios. One of the largest recent deals was the sale of six Vendo Parks for around EUR 110 mln to a joint venture formed by Generali Investments CEE and SCF Investment Partners SICAV. Other notable transactions include BIG Poland’s takeover of Power Park Kielce, LCP Poland’s purchase of two retail parks under construction, and Czech fund Crestpoint Capital Partners’ acquisition of Pasaż Łódzki.
Experts expect more acquisitions and consolidation as investors target assets with modernization potential, stable tenants and higher returns than in Western Europe.