AB Tewox, an investment company managed by Lords LB Asset Management, has announced the acquisition of five retail parks in Głowno, Świdnica, Przemyśl, Kalisz and Puławy in Poland.
The retail parks cover 36,000sq m of combined Gross Leasable Area (GLA) and boast almost 100 per cent occupancy with 90 shops.
“The retail parks are poised to become bustling commercial hubs, catering to the growing needs of the local population. By this strategic move, we aim to strengthen our position in Poland and diversify our investment portfolio by tapping into new markets,” says Efim Hiterer, AB Tewox’s Manager.
The biggest grocery chain in Poland, Jeronimo Martins, is the anchor tenant of this portfolio. Its reputation and customer base bring stability and footfall to the parks.
“Convenient size ensures ample space for a well-diversified range of tenants and a balanced exposure to various industries,” says Hiterer.
Bank Pekao S.A. provided a 40 million EUR loan to AB Tewox to buy the parks.
“We strive to support our clients developing commercial real estate projects, especially in Poland, as we highly value this market segment. We are delighted to participate in this transaction and would like to thank AB Tewox for trust and cooperation,” says Beata Peryt, the Director of the Investment Banking and Real Estate Financing Department at Pekao S.A.
