The Aviva Investors’ fund has finalized the sale transaction of the Focus Park shopping centre in Rybnik. The scheme was purchased by Union Investment for an undisclosed price.
Experts from JLL, Linklaters and Deloitte advised Aviva Investors in this transaction.
Agnieszka Kołat, National Director, Retail Investment CEE, commented: “We are glad to have had the opportunity to represent Aviva Investors in another sale transaction to be concluded on the retail market in Poland. This transaction clearly illustrates the growth in retail investor activity. It also further proves the interest among key foreign investors in shopping centres that are located outside major Polish agglomerations, boasting a strong position on its particular market, a wide catchment area, high footfall and loyal customer base.”
Focus Park, the leading retail centre in Rybnik, with 17,846 sqm GLA, has 74 shops and services points on offer, as well as an entertainment section (Multikino multiplex). Among the key tenants of the scheme are: Alma, Bershka, C&A, CCC, Cropp, Empik, House, Mohito, New Yorker, Reserved, Stradivarius, Rossmann and Pepco.
The Focus Park in Rybnik was commissioned for use in 2007 and is located on the historic premises of the former brewery. The centre’s key strengths are its central location, well-served by public transport and a diversified offer adjusted to the needs of its clients, with numerous tenants that, in the area, can only be found in this centre.
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting...