An agreement has been signed with Auchan Poland to extend the lease of its six retailer properties totalling 83,000sq m.
A company from the Chariot platform, managed by Griffin Real Estate, a private equity investor operating in the real estate sector signed the agreement with Auchan Poland. The lease agreement was signed for a period of over 12 years. The transaction is certainly one of the largest retail leases that have been closed in Poland.
Auchan Poland signed an agreement to extend the lease of six properties belonging to Chariot – an investment platform managed by Griffin Real Estate. The agreement pertains to hypermarkets located in Szczecin, Rybnik, Słupsk, Gdańsk, Nowy Sącz and Lublin with a total GLA of over 83,000sq m.
“The agreement with Chariot shows our long-term commitment to Poland and highlights the potential of the market as well as business opportunities of the locations. We appreciate the local position of the properties belonging to Chariot, in which our turnover kept growing despite the coronavirus pandemic. Having that in mind and given our belief in the long-term potential of these locations, we have decided to sign agreements extending the lease for another 12 years,” said Gerard Gallet CEO of Auchan Poland.
