Atrium buys €301m Polish retail asset

Atrium European Real Estate has bought a €301.5 million ($353.2 million) Polish retail asset from a CBRE Global Investors managed fund.

Atrium will acquire Wars Sawa Junior from PFCEE, a fund managed by CBRE Global Investors.

Built in the early 1970’s, Wars Sawa Junior was originally Warsaw’s first department store. Having been remodeled, extended and upgraded a number of times, it is now one of Warsaw’s most well-established and popular retail centers with footfall in excess of 60 million visitors per annum. It offers 26,000 square meters (280,000 square feet) of high-quality modern retail GLA that is fully let to a range of strong international and domestic retail and leisure brands such as H&M, C&A, CCC, TK Maxx and Zara. Additionally, the Retail center offers a further 11,000 square meters (118,000 square feet) of predominantly office and storage space.