Newbridge, advised by BSC Real Estate Advisors, acquire Focus Park Włocławek
Newbridge, advised by BSC Real Estate Advisors, have acquired Focus Park in Włocławek, Poland. Newbridge is a Warsaw-based investment and development firm and is a wholly owned subsidiary of the Somerston Group, a privately owned investment house established in the 1850s by the Group’s founding family.
Focus Park is located on Komunalna Street in Włocławek, in the northern part of Poland. The property was developed in 2011 and consists of 6,500 sqm of retail area with 316 parking lots. The building is single level with nine tenancies including Media Expert, Rossmann, CCC, Deichmann, KIK and PEPCO.
BSC Real Estate Advisors provided acquisition support and commercial due diligence process. Linklaters provided legal advice.
Rory Mepham, Managing Director, Newbridge said: “Newbridge are pleased to announce the acquisition of Focus Park in Włocławek, which fits perfectly into our planned strategy to purchase well located retail parks leased to strong covenants with room for us to add value in the medium term. This is our second acquisition following the purchase of a Retail Park in Namysłów. We thank BSC Real Estate Advisors and Linklaters for their advice.”
Jason Sharman, Managing Partner, BSC Real Estate Advisors, said: “We are delighted to have represented Newbridge in this excellent transaction. We think that this deal represents a high-quality investment. Retail Parks are a growing and dynamic sector in Poland. They provide and secure long-term income and are simple to manage and benefit from strong liquidity.”