Focus Estate Fund has successfully finalized the Galeria Sandecja shopping centre purchase in Nowy Sącz, Poland. The 17,650 sqm GLA centre marks the seventh investment for the fund in Poland’s thriving retail sector. This latest acquisition reinforces the fund’s commitment to expanding its presence and portfolio across Poland’s dynamic retail landscape.
The seller of the property TK Development was represented by Colliers, while Czabański & Gałuszyński, Gleeds and KKLW backed the buyer side.
Galeria Sandecja boasts over 70 shops, service points, and dining options. Key highlights of the centre include its carefully curated tenant mix, featuring renowned brands such as H&M, New Yorker, Martes Sport, Douglas, Deichmann, CCC, and others. Additionally, it houses the only Carrefour hypermarket in the region, further enhancing its appeal as a comprehensive shopping destination for families.
Maxim Shkolnik, General Partner of Focus Estate Fund, commented: “With the acquisition of Galeria Sandecja, we’re proud to announce that our total leasable area (GLA) has exceeded 100,000 sqm in Poland. We’re strategically diversifying our portfolio through targeted acquisitions of mid-sized convenience shopping centres in the country. We’re also actively seeking opportunities in the UK, Italy, Spain, the Czech Republic, and other select countries. Furthermore, we’re also considering installing solar panels, a sustainability initiative we’ve implemented across our portfolio, to reduce our carbon footprint. A key element of this deal was the invaluable support and partnership provided by BNP Paribas Bank Polska, our valued strategic partner in Poland.”
“We are pleased to have completed another successful transaction with Focus Estate Fund. Galeria Sandecja, is an important shopping hub in the region, and we appreciate all ESG initiatives which are planned by the new management and believe their dedication will take it to new heights. We hope we will continue to develop our partnership,” commented Elżbieta Chmielowska, Head of Real Estate Finance Bureau at BNP Paribas Bank Polska.