Union Investment buys Sarni Stok
Investment & financeschedule 19 March 2015
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POLAND Union Investment has acquired the Sarni Stok shopping centre in Bielsko-Biała from CBRE Property Fund Central Europe, which is managed by CBRE Global Investors.
This is the second foreign investment made by Union Investment on behalf of the UII Shopping Nr. 1 retail property fund. The centre, which was added to CBRE’s portfolio in 2006, comprises 73 retail units over an area of 31,243 sqm. Tenants include Carrefour, Media Markt, TK Maxx, H&M, New Yorker, Jula and Rossmann. Law firm Hogan Lovells and JLL advised the buyer, while Clifford Chance supported seller with its legal services. “Sarni Stok is an established shopping centre with a
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