The strategic move aims to strengthen the company’s presence in the Polish retail market. The centers feature a strong tenant mix, including major brands like Carrefour, Stokrotka, H&M, CCC, Sephora, Rossmann, and Reserved, and provide essential services to their respective regions.
The acquired shopping centers are located in key urban areas surrounding Katowice, offering a diverse mix of retail, dining, and entertainment options. These acquisitions align with Focus Estate Fund’s strategy to expand its asset portfolio in Poland, focusing on mid-sized convenience shopping centers that serve local communities.
The fund plans to leverage its cornerstone expertise in asset management to enhance the performance of these centers, ensuring they continue to meet the evolving needs of consumers. The centers have strong catchment areas, with access to up to 2.6 million inhabitants within a 40-minute drive.
“This acquisition reflects our confidence in the Polish retail market and our commitment to the value-added approach through strategic asset management,” says Maxim Shkolnick, General Partner of Focus Estate Fund. “We focus on acquiring non-prime value-added convenience retail and transforming it into dynamic and vibrant community hubs that align with the evolving retail landscape. We see huge potential in Central and Eastern Europe and are committed to creating sustainable, purpose-driven spaces that resonate with both tenants and consumers. By integrating wellness, health, community services, and lifestyle-driven experiences, while prioritizing ESG principles such as energy efficiency, we unlock additional value throughout our assets, ensuring they remain relevant and attractive in an ever-changing market.”
Focus Estate is a private equity real estate investment fund focusing on non-prime value-added retail properties. The Fund’s strategy is to invest in the existing mid-market convenience retail properties in Europe’s most dynamic markets.
