AB Tewox makes second venture in Poland, buys five retail parks
AB Tewox, an investment company managed by Lords LB Asset Management, has announced the acquisition of five retail parks in Głowno, Świdnica, Przemyśl, Kalisz and Puławy in Poland.
The retail parks cover 36,000 square meters (387,500 square feet) of combined gross leasable area (GLA) and boast almost 100 percent occupancy with 90 shops.
“The retail parks are poised to become bustling commercial hubs, catering to the growing needs of the local population. By this strategic move, we aim to strengthen our position in Poland and diversify our investment portfolio by tapping into new markets,” said Efim Hiterer, AB Tewox’s manager.
The biggest grocery chain in Poland, Jeronimo Martins, is the anchor tenant of this portfolio. Its reputation and customer base bring stability and footfall to the parks.
“Convenient size ensures ample space for a well-diversified range of tenants and a balanced exposure to various industries,” said Hiterer.