Chariot Group, an investment platform managed by Griffin Real Estate on behalf of an investment consortium, has sold the M1 Marki shopping centre to Redefine Europe.

M1 Marki is a 44,000sq m shopping centre with two retail buildings and a diverse tenant mix. Located in the northeast of Warsaw, the facility has both large-format shops and service outlets with anchor tenants such as building supplies store OBI and hypermarket Auchan. The latter one, a long-standing partner of Chariot, has extended its lease last year, signing a multi-year contract.

The centre has been equipped with eco-solutions that are aimed to improve people’s health and wellbeing, as well as energy and water efficiency. Its environmental consciousness has been proved by BREEAM certification. In 2019, it was awarded BREEAM In-Use certificates in two categories: asset performance Excellent and Building Management Outstanding, as one of few retail assets in Poland to receive such a high score. The centre was revaluated through another assessment process also in October, this year, maintaining its previous outcomes.

“M1 Marki shopping centre offers a long-term investment value. M1 Marki with an established position on the local market continues to attract visitors who choose it for its location, convenient offer, and provided services. We are happy that a player such as Redefine has noticed the investment potential of the property from our portfolio. Our decision about the sale is in line with Griffin Real Estate long-term direction, aimed at optimising our portfolio with a divestment strategy,” said Piotr Fijołek, Senior Partner at Griffin Real Estate, responsible for the Chariot platform.