POLAND EPP seals M1 portfolio buy for EUR 106 mln
Retail & leisureschedule 17 March 2021
The four Power Parks that have changed hands: (clockwise from top left): Opole, Tychy, Olsztyn and Kielce
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Chariot Top Group, a company managed by Griffin Real Estate, has sold four Polish retail Parks to EPP for EUR 106 mln.
The transaction, which according to Griffin is the largest on the Polish market since the beginning of the pandemic, concerns four Power Park retail parks with a combed 110,000 sqm gla – in Olsztyn, Opole, Kielce and Tychy.
It completes the third and the final tranche of the acquisition of the M1 retail portfolio, consisting of the M1 Czeladź, M1 Kraków, M1 Łódź and M1 Zabrze shopping centre in the first tranche, totalling 194 400 sqm gla, which was concluded in January 2018 for EUR
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