Investment company Tewox, managed by the Lords LB asset management company from Lithuania, has announced the acquisition of two additional retail parks in Poland from an investor, developer and asset manager Capital Park Group, situated in the cities of Łódź and Radom.
This strategic investment marks Tewox’s third venture into the Polish market, bringing its total holdings to eight retail parks encompassing 55,700sq m of retail space. The newly acquired retail parks in Łódź and Radom span nearly 10,000sq m and host around 30 tenants, with significant space allocated to prominent retailers Lidl and Jeronimo Martins.
Paulius Nevinskas, CEO of Tewox, highlighted that this acquisition aligns with the company’s strategy of investing in retail properties that attract well-established Polish retail and service operators, thereby ensuring a steady stream of rental income.
“This transaction underscores our commitment to sustainability, adhering to environmental, social and governance (ESG) criteria, which we are going to enhance at the acquired properties,” Nevinskas stated. “Moreover, we prioritise leasing to tenants that provide a diverse range of services and activities, which is crucial for maintaining a competitive and stable income for our investors.”
